HomeBusinessMoney MattersCosta Rica launches new green building certification

Costa Rica launches new green building certification

Costa Rica is celebrated around the world for its “green,” pro-environment image. This week, the Green Building Council of Costa Rica is helping to launch a new certification system here that will help builders and homeowners manifest that reputation.

The Excellence in Design for Greater Efficiencies system allows builders and architects to calculate potential savings and carbon emissions reduction for green building projects. EDGE, a sustainable building certification from the International Finance Corporation, aims to make sustainable design accessible to developing world countries for free.

It makes its free recommendations based on a case study carried out in the country where the project takes place. The system is currently available in 100 developing world countries.

EDGE allows builders and designers to discover where they can best incorporate green cost savings for free, regardless of whether they choose to pursue full certification.

Friday, GBCCR will launch the EDGE certification system for the first time here in Costa Rica on the closing day of the council’s International Sustainable Construction Conference in San José.

José Cordero, technical director of the GBCCR, said one of the biggest problems for those interested in sustainability is “green washing,” the practice of claiming a product is sustainable without any supporting evidence. The technical director said that certification systems like EDGE allow clients and builders a way to prove that their project really is as green as they say.

The IFC’s decision to make the EDGE program free was not coincidental. Green building still suffers from the stigma of high costs.

“Costa Ricans really like the idea of sustainability and carbon neutrality, but when it comes to putting down an extra colón to make that happen, Ticos take a step back,” said Daniel Matamoros, technical adviser to GBCCR.

But financing for green building here is becoming increasingly accessible.

BAC Credomatic, Costa Rica’s first certified carbon neutral business, started offering 100 percent financing for green projects in May 2014 to help homeowners and businesses get over potential sticker shock.

“It’s not just about fashion or the environment; it’s about saving money,” said BAC’s Nathalie Hidalgo.

BAC finances projects up to $1 million for businesses that want to install solar panels, solar-powered water heaters, or wind turbines to reduce their electricity bill and carbon footprint. The bank will also finance smaller projects for homeowners.

Julio Esquivel, sales executive with Arte en Luz, a high efficiency light design company that had a booth at the conference, said that switching over to LED lights might cost more upfront than traditional fluorescent lights, for example, but the savings pay back in the short to medium term.

Esquivel said that LED lights coupled with a smart power management system could save a home or business as much as 70 percent on its electricity bill.

“The more control you have over how the lights are used, the more savings potential,” Esquivel said.

In the words of GBCCR’s José Cordero, “Small changes can have big impact.”

Trending Now

Panama Celebrates Removal From European Union Tax Blacklist

The European Union announced today that it had removed Panama and Vietnam from its tax haven blacklist, citing progress made by both countries. The...

Costa Rica’s Prison Population Hits Record Ahead of Mega-Prison Opening

Costa Rica held a record 21,173 adults in prison as of Oct. 7, up 42% since 2022, as the government prepares to open its 5,100-bed CACCO maximum-security prison.

Dollar Slips Back Toward 450 Colones, Shrinking What Your Dollars Buy

The dollar closed Friday at 452.92 colones on Monex, down from 460.45 on Oct. 1, reducing what anyone earning or saving in dollars gets in Costa Rica.

The Night Costa Rica Witnessed Central America’s Worst Soccer Tragedy

This month marks the 30th anniversary of the worst soccer tragedy in Central American history. The setting was Estadio Mateo Flores in Guatemala City....

El Salvador’s New National Stadium Hits 75% as 50,000 Seats Arrive From China

El Salvador's new National Stadium is three-quarters built, President Nayib Bukele announced Thursday, and when it opens next year its 50,000 seats will make...

Costa Rica’s Pensionado Visa Ranks Fourth in Global Retirement Index

Costa Rica's Pensionado visa ranks fourth of 46 retirement programs worldwide on its $1,000 income rule and tax treatment. Paperwork is the weak spot.

Costa Rica Coffee Producers Warn Strong Colón Is Forcing Job Cuts

Costa Rica’s coffee industry is warning that the unusually strong colón is putting growing pressure on farms, pushing some producers to cut workers and...

Rents in Costa Rica Outpace Inflation Nearly 10 to 1 but Leases Cap the Hit

Rents rose 3.27% in a year while inflation was 0.34%. Here is what the law lets your landlord charge mid-lease and at renewal.

Tropical Wave 50 Reaches Costa Rica Saturday Night With More Heavy Rain

Tropical Wave 50 reaches Costa Rica late Saturday. Expect the heaviest rain in the Northern Zone and Caribbean.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel