The workshop “Financing Green Housing”, organized by CAF and CLACDS/INCAE’s Ecobanking Project concluded today in Santiago, with the participation of a select group of authorities and executives of the private and development banking institutions, as well as representatives of the chilean construction industry.
“This workshop is an important step in the formation of a innovation ecosystem in the housing construction sector in Chile and all through Latin America” said Mauricio Velasquez, representative of CAF, the Development Bank of Latin America. “In an urban planet, where 54% of the population lives in cities, the bulk of economic activity, energy and resource usage, and greenhouse gas emissions (GHG) is occurring in cities (60-80%), and a high percentage of those is generated by the construction industry” he continued.
Lawrence Pratt, founder of the Ecobanking Project and Director of the Sustainable Markets Intelligence Center (CIMS, by its spanish acronym), supplemented: “The construction industry constitutes 15 to 25% of the lending portfolios of banks in the region. At Ecobanking, we capitalized on that fact by designing a workshop that demonstrates the opportunities for financial institutions in financing this sector sustainably”.
The contents of the workshop, which Ecobanking imparts online three times a year for latin america, aims to lower one of the main obstacles to financing such projects, namely the lack of information and the limited knowledge available on these concepts. Conducted by Gustavo Portaluppi, this first presential workshop also benefited from the participation of Carolina López of UNEP FI and Gracia Barahona, Director of Ecobanking and main host of the event.
“We have to start changing paradigms and make change happen in the cities, and the financial system so we may achieve economies that are low-carbon and resilient to climate change”, concluded Velásquez.