The World Bank’s International Finance Corporation (IFC) on Tuesday awarded its first EDGE resource efficiency certifications in Vietnam to two building designs in Vietnam.
The designs developed by Nam Long Investment Corporation and FPT City Da Nang JSC were qualified for EDGE (Excellence in Design for Greater Efficiencies) rating system, which aims to help save energy, water consumption and embodied energy in building materials while reducing greenhouse gas emissions.
Launched in September, EDGE is a new building resource efficiency system created for emerging markets, providing clients with technical solutions for going green and captures capital costs and projected operational savings.
According to IFC, Vietnam building sector consumes up to 36 percent of electricity and contributing to the country’s 12 percent annual increase in greenhouse gas emissions, which is among the highest growth rates worldwide.
Nguyen Trung Hoa, director of the Department of Science, Technology and Environment under the Ministry of Construction, said that in parallel with the mandatory Building Energy Efficiency Code, investors, developers and practitioners are encouraged to build more environmentally responsible buildings by meeting reliable voluntary certification like EDGE.
“This will help cut costs and greenhouse gas emissions, improving the community,” he said.