PEEB mobilises innovative financing solutions for large building projects , such as hospitals or schools , but also large national green building programmes . The programme supports its partner countries to make policies , standards and Nationally Determined Contributions ( NDCs ) more effective and channel investments towards green buildings . Capacity-building for professionals and decision-makers in the buildings sector prepares the ground for investments .
PEEB is catalysed by the Global Alliance for Buildings and Construction ( GlobalABC ) and supports the implementation of the GlobalABC roadmap “ Towards low GHG and resilient buildings ”.
The building sector presents a massive – and largely unused – opportunity to respond to the climate crisis . Better design can reduce energy consumption and carbon dioxide emissions throughout the long lifespan of a building . Bioclimatic building designs and nature-based solutions are essential for climate adaptation . Green buildings are also comfortable and healthy for their inhabitants .
Climate action in buildings and construction is among the most cost-effective measures . Better and more energy-efficient buildings help to reduce energy demand and greenhouse gas emissions and can even save money . The International Energy Agency ( IEA ) estimates that realising the potential of sustainable buildings can save USD1.1 trillion by 2050 .
Small additional investments can bring substantial savings over the lifetime of a building . Nevertheless , the real estate business is slow to change its way of doing things and slow to mobilise small extra investments without external nudges in the form of legal obligations or incentives . By setting smart and effective criteria , policy and finance can channel investments towards green buildings .
PEEB combines financing for energy efficiency in large-scale projects with technical assistance through policy advice and expertise for building sector professionals . Financing for largescale projects or financial incentive programmes can boost market development and reinforce regulation . By setting ambitious conditions for projects , financing ensures that policy standards are applied or exceeded and knowledge is put into practice , and serves as a door-opener for higher policy ambition in NDCs and strategies .
Poor-quality construction as the main contributor to expanding disaster and chronic risk ( World Bank )
Disaster risk is primarily the product of hazard exposure and vulnerable construction . In the 25 years since the initiation of the United Nations International Decade for Disaster Reduction ( UNIDNDR 1990-2000 ), the expansion of disaster risk due to unsafe development has far outpaced efforts to contain or reduce it .
Over the past 20 years , disasters and natural hazards have affected 4.4 billion people , claimed 1.3 million lives , and caused USD2 trillion in economic losses . These disasters have disproportionately impacted the poor and the marginalised .
In terms of human lives lost , low- and lowto-middle-income countries have suffered 85 % of total global disaster-related fatalities . A report funded by the Global Facility for Disaster Reduction and Recovery ( GFDRR ) shows that disasters ’ impact on gross domestic product ( GDP ) is 20 times higher in developing countries than in developed countries . These impacts pose a fundamental threat to the World Bank Group ’ s goals of eradicating poverty and boosting shared prosperity .
Current development patterns contribute to the expansion of hazard and vulnerability factors and hence to the expansion of disaster risk . Concerning the generally accepted phenomenon of accelerating climate change , it is clear that CO 2 release is related to an increase in the frequency and severity of hydro-meteorological hazards . As populations and urban centres are increasingly exposed to hazards , extreme geophysical and hydro-meteorological events are causing greater loss of life and property . The concentration of populations in vulnerable informal settlements through unregulated urbanisation may be the greatest contributor to the rapid growth of
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