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News Report:

PHL, World Bank-IFC aim to cut by 20% greenhouse-gas emissions of new buildings

The World Bank and its private sector investment arm International Finance Corp. (IFC) and the Philippine government intend to reduce by 20 percent a year the greenhouse-gas emissions of new buildings in the Southeast Asian country.
By conducting technical studies that will be the basis for drafting laws that will compel local government units to lower the use of electricity in new buildings, IFC, World Bank and the Philippine government think the goal is possible.
“IFC offers its global technical expertise to help Philippine government units develop their green building initiatives,” IFC Resident Representative Jesse Ang  said during a forum on “Green Building Imperative” organized by the IFC and the Climate Change Commission. 
“We support the government in implementing its National Climate Change Action Plan, which provides for ‘greening’ the National Building Code,” Ang said.
IFC is also supporting the Department of Public Works and Highways in updating the National Building Code which will set the minimum green features required for new buildings. 
A case in point is Mandaluyong City which passed a green building ordinance that include tax breaks on machinery and and building improvements, an initiative supported by IFC.
“The unabated use of carbon-based fuels has drastically altered our global climate – weather patterns are changing and natural disasters have become stronger, more frequent, and less predictable,” President Benigno Aquino III noted in a statement.
Green building is one of the most important steps that the country must undertake in adapting to climate change and mitigating climate risk, according to Malacañang.
 “It is my hope that this will gain widespread acceptance among developers and major players," the President said.
Working with governments and regulators to build capacity for green buildings through policy and regulatory support, the IFC green building program is supported by the Swiss State Secretariat for Economic Affairs and the Government of Canada.
The program provides financing for private sector investments in green buildings. – VS, GMA News

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