Climate Change

ECA is home to 10 of the world’s top 20 countries with highest carbon emissions and 9 of the most energy intensive economies, with the region relying on fossil fuels for 88% of its energy. As countries plan their recovery from the pandemic, they have a unique opportunity to make climate investments that will not only unlock short-term gains—jobs and economic growth—but also deliver long-term benefits, including decarbonization and resilience. IFC has been intensifying its work to provide private sector solutions to tackle climate change, using own capital, expertise, and local country knowledge to attract commercial investments and maximize impact.

Examples of What We Do: