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10 Nov 2023

IFC report assesses green financing for construction in emerging markets

IFC report assesses green financing for construction in emerging markets

On Oct. 25, the International Finance Corporation (IFC) released a report describing opportunities for investment in green construction. Titled "Building Green: Sustainable Construction in Emerging Markets," the report addresses how using particular technologies in the construction and operation of buildings, combined with capital markets that are more "climate-friendly," could shrink the footprint of the construction value chain 23% by 2035. IFC believes these changes would create investment opportunities in emerging markets.

According to IFC's data, for example, "Of the $230 billion of green private debt finance that was made available in 2021 for construction value chains, just 10 percent went to emerging markets...To date, most of this green private debt financing has been directed toward the construction and operation of buildings. Just 9 percent of financing has gone into greening the manufacturing of construction materials, the activity responsible for almost half the value chain’s carbon footprint."

Read More at U.S. Green Building Council


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