In Jakarta, Better Buildings for a More Sustainable City

In Jakarta, Better Buildings for a More Sustainable City

Green buildings are becoming central to the global effort to tackle climate change. A new IFC report, Climate Investment Opportunities in Cities, estimates that green buildings account for more than 80 percent of the of $29.4 trillion in investment opportunities that will open up in emerging-markets cities such as Jakarta by 2030. In Jakarta alone, there’s an estimated $16 billion market for green buildings—not only in new construction but also in retrofitting older buildings. The city has developed a mandatory green buildings code to reduce energy consumption from residential and commercial buildings by setting energy and water-efficiency requirements for building design.