While low-carbon solutions are gaining traction, the world is still dangerously off-track when it comes to slowing down climate change.  Emerging markets – given their huge development needs and growing energy demand - will see a steady growth in greenhouse gas emissions over the next decade and are the most heavily impacted by climate change.

But climate is also a major economic opportunity that can promote growth, create jobs, and accelerate the transition to low-carbon development in a wide range of sectors.

Our research shows that climate business can generate $23 trillion in investment opportunities, create 213 million cumulative jobs, and achieve 4 billion tons of CO2e reduction in developing countries. Helping our clients tap into these opportunities and working with a host of partners to catalyze finance for climate action, is at the core of our business. In 2021, IFC delivered 32% in own-account climate finance and mobilized $3.6 billion for climate.

IFC is uniquely placed to help these countries mobilize the necessary private capital to decarbonize their economies and adapt to a warming planet.

How? We are:

  1. Setting standards
  2. Promoting sustainable innovation
  3. Mobilizing capital and achieve scale
IFC Climate Business at a Glance
IFC at COP 27

 

 

 

Development Reach

The impact of IFC climate business in FY20:

  • $6.8 BILLION COMBINED MOBILIZATION AND INVESTMENT
  • 8.1MILLION METRIC TONS IN ANNUAL GHG REDUCTIONS
  • 111 CLIMATE SMART PROJECTS