by Shane Henson — July 15, 2013— International Finance Corporation (IFC), a member of the World Bank Group, and the World Green Building Council recently announced a collaboration to rapidly scale up the construction of green buildings in emerging markets. The new partnership demonstrates a shared commitment to enhancing the built environment and mitigating climate change, the two groups say.
The partnership seems promising given the backgrounds of these two entities. IFC is the largest global development institution focused exclusively on the private sector. It was formed to help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. According to the organization, in fiscal year 2012, IFC’s investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges.
The World Green Building Council is a network of national green building councils in more than 90 countries that influences the green building marketplace around the world. The WorldGBC’s mission is to strengthen green building councils in member countries by championing their leadership and connecting them to a network of knowledge, inspiration, and practical support.
