A new green-building certification system for emerging markets has been launched in Namibia.
Developed by the International Finance Corporation (IFC) and launched by Namibia’s Bank Windhoek, the Excellence in Design for Greater Efficiencies (EDGE) tool can be used to develop a viable business case for investment, by identifying energy and money-saving designs, says IFC green building lead for Africa, Lenore Cairncross, adding that projects that achieve a 20% reduction in energy, water and material-use are eligible for certification. ‘As a free design tool, EDGE presents hypothetical costs, savings and payback periods for green-building measures such as low-flow taps and solar connectors, helping developers and buildings make the business case for green building.’
The EDGE tool means developers can submit proposals that meet international green-building standards, says Ruan Bestbier, Bank Windhoek sales and sustainability analyst.
The initiative is part of the bank’s Green Bond Framework, which will be used to finance green projects and assets throughout Namibia.