Green Buildings - Home - EuroCham Cambodia · for market transformation – making it accessible to...
Transcript of Green Buildings - Home - EuroCham Cambodia · for market transformation – making it accessible to...
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Autif Sayyed Green Building Specialist- IFC World Bank Group
Nhan Nguyen Vietnam Green Building Project Lead- IFC World Bank Group
Green Buildings Opening a Short-lived Window of Opportunity
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50% of the buildings standing in 2050
have not been built yet
Green Buildings Opening a Short-lived Window of Opportunity
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Incorporating efficiencies in new design is up
to 10x cheaper than retrofitting later
Once built, their inefficiencies will be
locked for next 30-50 years
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Green Buildings Opening a Short-lived Window of Opportunity
• Why are Green Buildings needed?
• What is stopping us from building green buildings?
• How can we overcome these hurdles? Examples?
• Green Building Opportunities in Cambodia
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Why Green Buildings? Impact of Resource Efficiency in Buildings
Economic
Users save money on operations
Healthier buildings lead to better
worker performance and
attendance
Government can avoid cost of
building additional energy/ water
infrastructure
Environmental
Reduced need for energy from
dirty sources
Reduced need for potable water
Reduced air and water pollution
Better indoor environment
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CO2 emission reductions by 2030
Source: 4th Assessment Report of IPCC
Building sector offers largest low-cost potential for CO2 emission reductions globally by 2030
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Hurdles to Green Buildings Why are so few being built?
“It’s not required”
Lack of Regulations
“It’s costly”
Perception of cost
“Who pays for it?”
Financing of green
“Where’s the demand?”
Lack of awareness
“It’s difficult”
Perception of complexity
“I want recognition”
Validated certification
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Hurdles to Green Buildings Why are so few being built?
“It’s not required”
Lack of Regulations
“Who pays for it?”
Financing of green IFC’s 3-pronged approach
“I want recognition”
Validated certification
Mandatory Codes
Investment products
EDGE Voluntary
Certification
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Hurdles to Green Buildings Why are so few being built?
“It’s costly”
Perception of cost
“Where’s the demand?”
Lack of awareness
“It’s difficult”
Perception of complexity
Cost Analysis of relevant code requirements for low payback
Free EDGE software to guide cost decisions
Capacity building of
govt.
Awareness raising
among all
Simplified certification
process
Incentives/ penalties
etc.
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Mandatory Regulations Solutions to Green Building Hurdles
Mandatory Requirements that are:
• Simple
• Low Cost and payback
• Impactful
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Capacity Development Solutions to Green Building Hurdles
User Guides
Training IT platform- Checklists
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Capacity Development Solutions to Green Building Hurdles
Building up the Business Case
Academic Association
Partnerships with Architects, engineers, developers associations on increasing the
acceptance of GB
Industry association
Pilot Projects
Media Campaign
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Voluntary Certification Solutions to Green Building Hurdles
www.edgebuildings.com
EDGE standard focused on top priorities
20% energy
reduction
20% water
reduction
20% embodied
energy reduction
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Voluntary Certification Solutions to Green Building Hurdles
www.edgebuildings.com
Current ratings systems
focused on top-tier
clients have provided
leadership
Emerging markets needs
a simple, quick, and
affordable rating system
for market transformation
– making it accessible to
a majority of the building
industry
Informal building sector
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Voluntary Certification Solutions to Green Building Hurdles
0.00%
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Voluntary Certification Solutions to Green Building Hurdles
4 EASY STEPS TO PRELIMINARY CERTIFICATION
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Nam Long, E-Homes 5, Vietnam
ENER
GY
20%
WA
TER
22%
MA
TERIA
LS
27%
Apartments feature high-performance glazing and energy-efficient lighting and controls, thermal insulation and dual-flush water closets, autoclaved aerated concrete blocks for internal and external walls.
Additional cost: 1.2% over total investment
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FPT Danang Building, Vietnam
This EDGE-certified complex features solar PVs, sensible heat recovery from exhaust air, and higher thermal performance glass to save energy, while a cooling system with a dry cooling tower avoids water usage.
ENER
GY
21%
WA
TER
32%
MA
T
20%
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City Express Hotel, Mê-xi-cô
The project untilises low-e glass and shading devices to reduce solar radiation. Moreover, uPVC window frame and concrete blocks that have lower embodied energy were chosen as substitutes.
ENER
GY
51%
WA
TER
32%
MA
TERIA
LS
44%
Additional cost $56,209 – payback period 0.6 years
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Keserwa Medical Center, Lebanon
The project saves energy by using efficient cooling system together with a waste heat recovery system. The building also uses green materials such as light concrete blocks and gypsum broad for walls.
ENER
GY
21%
WA
TER
25%
MA
TERIA
LS
26%
Additional cost $94,803 – payback period 1,21 years
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Citra Mall, Indonesia
The project saves energy by investing in efficient lighting system. On the other hand, water efficient taps, toilets, urinals, showers, and an automatic control system helps the building reduce its water consumption.
ENER
GY
20%
WA
TER
65%
MA
TERIA
LS
22%
Additional cost: $0
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Voluntary Certification Solutions to Green Building Hurdles
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Financial Investment Solutions to Green Building Hurdles
IFC’s Direct Investments with developers
$350M per year & growing
Conditional on meeting minimum standards &
efficiencies
Investments through local banks
Green Mortgages
Green Construction Loans
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Financial Investment Solutions to Green Building Hurdles
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Financial Investment Solutions to Green Building Hurdles
ODEA Bank IFC debt: $67m Concessional debt: $15m
Value and Budget Housing IFC equity: $11m
Housing Finance Bank Kenya IFC debt: $16m Concessional debt: $4m
IHS IFC equity: $25m Concessional equity: $10m
City Express IFC equity: $20m
Deals without concessional finance. Deals with concessional finance.
Concessional finance is not always essential but in the form of debt (with longer tenor, lower interest, or subordination), guarantee or patient equity, it can provide first movers with the commercial incentive to innovate in the face of higher perceived costs or risks.
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Financial Investment Solutions to Green Building Hurdles
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Vietnam Energy Efficiency Code Example
Development of Building Energy Efficiency Code (BEEC)
User Guides
Awareness raising
Demonstration Projects
Support 3 provinces
o Introduction of BEEC to all stakeholders
o Training/coaching
o Pilot evaluation
Training BEEC compliance evaluators
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Vietnam Energy Efficiency Code Example
DA NANG QUANG NINH HCMC
Trained more than 1000 officials & building practitioners in three regions
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Vietnam Energy Efficiency Code Example
29
Website introduction of QCVN 09:2013/BXD
FPT Office in Da Nang
La Thanh Hotel in Ha Noi
Ehome in Ho Chi Minh city
Completed Energy Efficiency design for three demonstration buildings and Appraisal in compliance with
the code.
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Vietnam Energy Efficiency Code Example
30
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Financial Investment Examples
IFC has provided loans and Partial credit guarantees for Ciputra Residence
Citra Towers Citra Plaza Apartment Citra Lake Suites
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Financial Investment Examples
$75 million non-convertible debenture for investment in green home construction
PUNJAB NATIONAL BANK HFL, INDIA
EDGE benefits to the bank: • Brand enhancement pre-IPO • Access to new clients • Increased green deal flow with opportunity to cross sell EDGE construction finance
to EDGE mortgage finance What IFC provided: • helped the bank assess market potential • helped the bank pitch to existing clients about going green • introduced the bank to new clients, often the best, forward-thinking developers • provided training to bank staff on green asset management:
• criteria for use of proceeds; funds management; reporting.
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Cambodia Current Growth Patterns
GDP growth of 7.3 in 2015 and forecast 7.5 in 2016
Building Stock by Building Type, Cambodia: 2014-2024
Building Type Units 2014 2015 2016
CAGR
(2014-2024)
Office (m2) 2,793,744 2,849,274 2,905,642 1.9%
Retail (m2) 1,727,318 1,766,943 1,807,570 2.3%
Education (m2) 1,416,506 1,463,362 1,516,526 3.7%
Healthcare (m2) 417,563 428,281 439,346 2.7%
Hotels & Restaurants (m2) 992,107 1,021,272 1,054,509 3.3%
Institutional/Assembly (m2) 695,882 748,300 802,155 6.4%
Warehouse (m2) 85,281 84,654 83,536 -2.4%
Commercial (m2) 8,170,026 8,403,408 8,650,408 2.9%
Single-Family Detached (m2) 2,105,442 2,141,744 2,178,123 1.5%
Multi-Unit Residential (m2) 38,591,630 39,613,568 40,778,182 2.9%
Residential (m2) 40,697,072 41,755,312 42,956,305 2.8%
Total (m2) 48,867,098 50,158,720 51,606,713 2.8%
Source: Navigant Research
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Cambodia Current Growth Patterns
“Phnom Penh is experiencing a significant
increase in supply, … Overall supply in Phnom
Penh is due to increase by 533.75% by the end of
2018.”
Rose by 22.4% in 2015 (total of 440 units) with forecasted increase to 21,414 units in 2018.
Phnom Penh Condominium Supply by Grade
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Cambodia Current Growth Patterns
35
Cambodia office stock will see an increase of 64 per cent by 2018, with 60 per cent of the incoming supply classified as Grade A and 40 per cent classified as Grade B.
Current Cambodia per capita retail space of 0.0087 sqm points to an undersupply, especially when compared to Thailand and the Philippines. 60 per cent of future supply will locate in central areas.
Sou
rce:
CB
RE
Sou
rce:
Kn
ight
Fra
nk
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Cambodia Factors
Cambodia office stock will see an increase of 64% by 2018, with 60 per cent of the incoming supply classified as Grade A and 40 per cent classified as Grade B.
Current Cambodia per capita retail space of 0.0087 sqm points to an undersupply, especially when compared to Thailand and the Philippines. 60% of future supply will locate in central areas.
At about USD 0.20/kwh electricity tariff, Cambodia has one of the highest tariffs in the region, which results in very good paybacks for efficiency improvements.
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www.edgebuildings.org
Thank you!
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