The Government of Philippines has announced plans to reduce the annual power usage and carbon emissions of new buildings by up to 20% and 25% respectively.

International Finance Corporation (IFC), a member of the World Bank Group, met the Philippines Department of Public Works and Highways recently to help the country build and operate more sustainable and cost efficient buildings. The sustainable building regulations will focus on hospitals, hotels, residential homes, offices and schools across the country.

According to the IFC, buildings emitted 33.28 million metric tons of carbon dioxide – accounting for 36% of the Philippines’ total power consumption in 2010. Rapid urban migration is expected to further increase the number of new buildings by 20% a year.

Jesse Angs, IFC Resident Representative said: “There is huge potential for improving the cost efficiency of buildings in the Philippines. Businesses are willing to pay more for sustainable buildings because in the long run, they will have lower electricity bills and be more competitive while contributing to cleaner air and a greener environment.”

Earlier this week, the UK Government also announced all new houses and buildings in England must have energy saving features.