October 30

Report: Emerging World Needs $1.5 Trillion for Green Buildings, IFC Says


The International Finance Corporation is looking to develop a guarantee facility for private investors to boost finance for greener construction in emerging markets, as growing populations, urbanization and industrialization are set to spur pollution far beyond safe limits.

IFC, the world’s largest global development institution focused on the private sector in low-income countries, is working with its counterparts in the World Bank Group to “create a one-stop shop for guarantees offered to private investors,” Susan Lund, vice president for economics and private sector development, told Bloomberg in an interview. We have “really high aspirations to scale that up dramatically for climate finance and in particular for green buildings and decarbonizing the construction sector,” she said.

Photo courtesy of Charles Deluvio.

Source: Yahoo Finance (link opens in a new window)

Investing, Technology
decarbonization, global development, infrastructure, scale, sustainable finance, urban development