Utilities for Climate (U4C) is a new initiative designed to offer water utilities access to IFC’s advisory services, investment products and knowledge-sharing partnerships. It is a demand-driven initiative focused on building client relationships with water utilities as they plan to develop solutions to address climate change and boost commercial water infrastructure investment opportunities.
Through the U4C initiative, IFC will support selected water utilities in identifying, prioritizing and financing projects to combat the devastating effects of climate change. U4C recognizes that public sector funding is insufficient for most water utilities to simultaneously address climate goals and provide basic service needs. All U4C supported projects must include a climate-friendly component.
U4C also offers strategic tailor-made advisory in specific areas like efficiency, resilience, and digitization to help improve water utilities operations. U4C will position participating water utilities as leading players in the search for global climate solutions and will form a network of water utilities seriously tackling the same global challenge.
The city of Izmir is using a sustainability-linked loan to address water scarcity and climate change.
Advisory work and a green loan will help IFC client Corsan reduce water losses and improve energy efficiency in Brazil.
Water and climate are interlinked. While climate change causes water scarcity and contamination, water use, storage, distribution and the lack of wastewater treatment contribute 10% of GHG global emissions, further intensifying climate change. This video describes how IFC is working with Sabesp, one of the largest water and sanitation companies in the world, to address the water sector’s challenges to tackle climate change. IFC is partnering with Sabesp through the Utilities for Climate (U4C) initiative.