Empowered : How IFC Clients Are Financing Climate-Friendly Projects
IFC, a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. IFC estimates that the actions required by the 2015 Paris Agreement wil...
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/en/566711642089804748/Empowered-How-IFC-Clients-Are-Financing-Climate-Friendly-Projects http://hdl.handle.net/10986/37613 |
| Summary: | IFC, a sister organization of the
World Bank and member of the World Bank Group—is the largest
global development institution focused on the private sector
in emerging markets. IFC estimates that the actions required
by the 2015 Paris Agreement will open up about twenty-three
trillion in investment opportunities in twenty-one of the
largest emerging markets between now and 2030. Most
governments lack the capacity to finance the trillions
required for their nationally determined contributions
(NDCs) to the Paris accords, which is why the private sector
including financial institutions has stepped up. Based on
IFC’s estimates, about 30 percent of banks’ loan portfolios
could be climate-related by 2030, up from 7 percent this
day. The stories in this book discuss our Advisory and
Investment Services, which help banks to grow, adapt and
create markets for climate finance in the countries they
serve. This book presents some of the banks that, with IFC’s
support, are seizing the market opportunity to make a
meaningful contribution to our future. |
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