Mumbai, India, July 09, 2015
—IFC, a member of the World Bank Group; GBCI, a third-party agency recognizing excellence in the green building industry; have partnered with CREDAI, the apex body of private real estate developers, to launch EDGE green building certification system in India. This will boost eco-friendly construction and make buildings more resource-efficient.
EDGE (Excellence in Design for Greater Efficiencies) is a free, easy-to-use software that suggests practical solutions for energy and water savings, improving operational performance at little or no extra cost. To qualify for certification, a building must achieve a 20 percent reduction in energy, water, and construction resources compared to a standard building. IFC’s green buildings program in India is supported by the European Union.
“EDGE will help push the eco-friendly construction market in India,” said Mahesh Ramanujam, president, Green Business Certification Inc. “Resource-efficient designs will help to prove the business case for developers to differentiate their projects by building green.”
Johann Hesse, Head of Cooperation of the European Union, said, “Buildings account for nearly one-third of electricity consumed in India and significant savings can be made in the water and energy sector by improving their efficiency. This will help fight climate change considerably.”
CREDAI will encourage its members, including local chapters, to incorporate resource efficiency in their design using EDGE. IFC and GBCI will train members and share global best practices and knowledge with CREDAI on green building technologies.
“This partnership has the potential to transform the housing market and help the real estate industry incorporate sustainable practices,” said Dharmesh Jain, President, MCHI-CREDAI.
Green buildings are a compelling need in rapidly urbanizing India that has the world’s third-largest carbon footprint. An estimated 600 million people will live in Indian cities by 2031. The exponential demand in infrastructure, energy and water, will mean that buildings have to necessarily be less resource-intensive.
“We have a window of opportunity to shape resilient cities through smart design and growth, given that two-thirds of India’s building infrastructure is still to come up,” said Prashant Kapoor, IFC’s Principal Green Buildings Specialist and the founder of EDGE. “The certification program aims to democratize the green ratings market through easy-to-enforce design solutions build by consensus among home-owners, developers, designers, and architects that green buildings.”
Through the EDGE program, IFC collaborates with premier partners to scale up green building growth in emerging economies such as Costa Rica, Indonesia, and Vietnam. In India, the program is being launched in Bengaluru and Delhi, in addition to Mumbai.
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About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, we use our capital, expertise, and influence to help eliminate extreme poverty and boost shared prosperity. In FY14, we provided more than $22 billion in financing to improve lives in developing countries and tackle the most urgent challenges of development. For more information, visit
www.ifc.org
About EDGE
The EDGE (Excellence in Design for Greater Efficiencies) green buildings program has been generously supported by the following donors: the Canada Climate Change Program and the Department of Foreign Affairs, Trade and Development Canada; the Energy Sector Management Assistance Program of the World Bank; the European Union; the Federal Ministry of Finance of Austria; the GEF-IFC Earth Fund Platform; the Ministry of Finance of Japan; the Ministry of Foreign Affairs of Finland; the Royal Ministry of Foreign Affairs of Denmark and the Danish Green Growth Fund; and the State Secretariat for Economic Affairs of Switzerland (SECO). For more information, please visit:
www.edgebuildings.com
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