Green Residential Buildings India Software Application To

To achieve EDGE certification, a building must have a 20 reduction in energy use, water consumption and embodied energy in building materials compared to standard buildings.

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The building, construction and renovation sectors, which make up the backbone of residential and commercial housing, contribute almost 40 of global greenhouse gas emissions.

Efficient and environmentally friendly green buildings are one such opportunity -- and a massive one at that.

In emerging markets alone, by 2030 green buildings will offer up to 24.7 trillion in investment opportunities.

Much of this growth will occur in east Asia Pacific and South Asia, where more than half of the worlds urban population will live within a decade.

In a recent report, the International Finance Corporation, a member of the World Bank Group, estimated that by 2030, residential and commercial green buildings will represent a 17.8 trillion investment opportunity in Asia alone.

It will be an engine of job growth, generating upward of nine million new skilled jobs in the next 10 years alone, focused on emerging markets like Vietnam, Indonesia, the Philippines and elsewhere in the region.

Today, green buildings represent just 8 of the building and renovation market.

Not only are green buildings an environmental necessity for a changing planet, they also offer a host of attractive returns for investors.

IFCs report -- Green Buildings: A Finance and Policy Blueprint for Emerging Markets -- highlights the substantial benefits for building green.

They consume less water and energy than traditional buildings.

Green buildings maintain higher occupancy rates -- up to 23 higher -- and command larger sale premiums -- up to 31 higher.

Tenants and homeowners enjoy far lower utility costs -- 20-40 lower -- than their counterparts in standard buildings.

As the world moves to a carbon-neutral future, traditional buildings risk becoming stranded assets.

The future in building is clearly green, and Asia, the region with the most new construction, is pivotal.

What it chooses to build today will have an enormous impact on what our world will look like tomorrow.

IFC is working to promote green buildings through our investments.

Indeed, by 2020, we anticipate that climate-related investments will account for 28 of our total financing portfolio.

We are working diligently with clients around the region to create new green bond markets, which help catalyze the private sector into investing in climate-smart projects, including green buildings.

Green Residential Buildings India Software Application To

Additionally, IFC developed the Excellence in Design for Greater Efficiencies, or EDGE, program, which is both a software application to help builders reach green standards and provides a certification system.

The software allows developers and investors to know what the costs are before a project is implemented.

Most users report that the upfront costs of developing a green building are comparable to a standard building while operating costs are substantially lower.