Climate-smart business is the economic growth story of today and tomorrow
Already, global markets for climate-smart businesses and technologies have grown to $1 trillion annually. This growth is expected to accelerate, delivering environmental and social benefits while creating value for investors. A recent analysis by IFC shows that 21 emerging market economies alone hold $23 trillion in climate-smart investment opportunities through 2030.
As the largest development finance institution supporting the private sector in emerging markets, IFC is uniquely well positioned to create and grow new markets for climate business. Backed by a World Bank Group commitment to increase climate-related investments by 28 percent and mobilize $13 billion in private sector capital by 2020, IFC's Climate Business creates markets by investing directly in climate-smart sectors, developing new de-risking and aggregation mechanisms, and engaging public and private sector stakeholders through international forums and working groups. In doing so, IFC is mainstreaming climate business in high-growth sectors - opening new markets in key areas such as clean energy, green finance, green buildings, climate-smart cities, and climate-smart agribusiness.
The impact of IFC climate business in FY17:
|$4.8||BILLION COMBINED MOBILIZATION AND INVESTMENT|
|90||CLIMATE SMART PROJECTS|
|6.7||MILLION METRIC TONS IN ANNUAL GHG REDUCTIONS|