Lima, Peru, June 2, 2015—IFC, a
member of the World Bank Group, is working with the Government of Peru,
the Peruvian Construction Chamber (CAPECO) and the Peru Green Building
Council (Peru GBC) to promote a new regulatory framework for making buildings
more efficient by saving energy and water.
The goal is to formulate a “Green Building
Technical Code”, reflecting one of the strategies developed during COP20,
hosted by Peru in 2014. The project demonstrates the country’s commitment
to reduce water and energy consumption in future buildings, thus achieving
a reduction in carbon emissions.
The project is being implemented through
the Ministry of Housing (MVCS) and the Ministry of the Environment (MINAM),
with the support of the Canadian cooperation program CANAMBER, with the
goal of promoting sustainable development in the region. The project
is also part of a regional IFC program supported by the Canadian Department
of Foreign Affairs, Trade and Development (DFATD).
Work on the project started in 2014,
when the Ministry of Housing, Construction and Sanitation established a
Standing Committee on Green Building. This joint technical group
consisting of 14 public and private bodies is responsible for formulating
Peruvian policy on green building for constructions and cities.
Latin America is the world’s most urbanized
region, where 80 percent of the people live in cities. Global studies
have shown that the building sector accounts for 45 percent of energy use
and 17 percent of clean water consumption when the buildings are in use.
In Latin America, buildings consume 21 percent of treated water and
42 percent of electricity and are responsible for 25 percent of CO2 emissions.
The construction sector in Peru has
grown rapidly in recent years. National reports show that buildings
in Peru consume 45 percent of the total energy generated in the country
and that consumption is on the rise. This means that the country
has considerable potential for reducing greenhouse gases by shifting the
building market towards green.
This effort is part of a global program
which IFC, as a member of the World Bank Group, has undertaken in order
to help Colombia, Indonesia, Bangladesh, the Philippines and Vietnam, among
other countries, to develop green building codes.
Kristian Rada, the head of the IFC Latin
American cities program, highlighted certain innovative aspects of the
Peruvian project: Rada stated “Both the public sector and the private
sector are doing very good coordination work, with emphasis on technical
and objective analysis to ensure sustainability in the construction sector
in an efficient and effective manner without increasing building costs.”
Marc Tristant, IFC Country Head and
Representative for Peru, stated “The Government and the private sector
in Peru are succeeding in developing practical instruments designed to
deal with climate change and promote green building. This is an important
step in this direction.”
Carlos Maldonado Herrera, Director of
the Construction Department and of the General Department of Construction
and Sanitation Policies and Regulations, has emphasized that this partnership
with IFC is important in reducing consumption of natural resources in the
construction industry in Peru. The Environment Ministry, for its
part, considers this issue to be crucial, since it will play a vital role
in the reduction of carbon emissions in Peru.
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