Market Accelerator for Green Construction Program

Globally, buildings generate 19 percent of energy-related greenhouse gas emissions and consume 40 percent of electricity. Every year, an additional 5.5 billion square meters of floor space is constructed, mainly in emerging markets where green construction makes up only a small fraction of new buildings.

The Market Accelerator for Green Construction Program (MAGC) is a blended concessional finance program that works to accelerate the construction of certified green buildings. The program aims to mobilize $2 billion in investments to help mitigate climate change and reduce greenhouse gas (GHG) emissions that have been directly linked to the construction sector. Investing in green buildings has become a crucial element in responding to the climate crisis.

IFC and the UK Government’s Department for Energy Security and Net Zero forged a partnership to combat climate change in developing countries by crowding in public and private sector financing for certified green buildings. While IFC has a long-standing relationship with the government of the United Kingdom, MAGC is the first UK-IFC bilateral partnership in blended concessional finance for climate change mitigation. For more details, visit www.ifc.org/magc

For more details, visit www.ifc.org/magc

Editor: Cynthia El Hasbani
Writer: Lukas Jaehn
Producer: Rwaida Gharib

Видео Market Accelerator for Green Construction Program канала International Finance Corporation