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Prashant Kapoor

Prashant Kapoor, IFC Climate Business Group, World Bank Group

A thought leader and an expert in sustainable built environments and cities, Prashant Kapoor is a passionate advocate for sustainable solutions that align the interests of developers, financial institutions, governments and homeowners. He leads the IFC’s global investments in the built environment with a particular focus on financing low carbon developments, sustainable cities and green financial products such as green construction bonds and green mortgages.

He is the entrepreneur who created EDGE (“Excellence in Design for Greater Efficiencies”), a universal standard, software application, and certification system to mainstream resource-efficient building growth in emerging markets.

Since 2010, Mr. Kapoor has provided dynamic guidance for IFC’s global green building program on both the regulatory and voluntary fronts. Under his leadership, IFC has created a green building portfolio of commercial and residential buildings that totals nearly $3 billion, both directly and through financial intermediaries. He has played a critical role in developing the national green building codes for Colombia, Indonesia, the Philippines and Vietnam.

Mr. Kapoor leads IFC’s Green Buildings Market Transportation program as a coordinated investment-advisory approach to transform the construction industry in up to 20 markets over the next seven years. EDGE is currently operational in 130 emerging markets, with local certifiers in place in such priority countries as Costa Rica, Colombia, Ghana, Nigeria, India, Indonesia, South Africa, Philippines and Vietnam. Other development finance institutions are currently utilizing the EDGE software for their green building investments, including CDC, Proparco and FMO.

Prior to joining IFC, Mr. Kapoor worked as a director at WSP consultants in London, where he led the planning of Masdar City, an innovative zero-carbon city under construction in Abu Dhabi; developed a strategic Urban Development Framework for Dubai city, including designing a new green building regulatory system; and created various pathfinder low-carbon property programs such as, Graylingwell Park, a zero carbon housing development with combined heat and power plant and the largest PV installation in the UK.

Mr. Kapoor holds architecture degrees from Manipal Institute of Technology (India) and a master’s degree in energy-efficient building from Oxford Brooks University (UK).