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Mitigating and Adapting to Climate Change

IFC is supporting countries as they counter and adapt to climate change.
IFC is supporting countries as they counter climate change.
Dominic Chavez/IFC

IFC supports private sector investments in renewable energy projects, including wind farms and solar arrays, helping to mitigate climate change. We also help companies use water, power, and other resources more efficiently, while encouraging the growth of the region’s green building industry. IFC also supports the private sector in adapting to the realities of climate change by amending agricultural practices, water management, and construction standards.

Key Projects:

  • In Türkiye, we provided a loan to Ford Otosan, helping the carmaker to expand its production and launch new vehicles, including electric and hybrid models. 
  • In Uzbekistan, we helped the government develop a landmark solar park in the Navoi region, the country’s first competitively tendered public-private partnership in the power sector. That was followed by two similar plants in the Jizzakh and Samarkand regions. 
  • In West Bank and Gaza, we supported two pioneering solar power projects, PRICO Solar and Massader Solar, which are bolstering electricity supplies and showcasing the potential of clean energy. The projects won the 2021 United Nations Global Climate Action for their role in financing climate-friendly investments.
  • In Pakistan, we have financed six wind power plants, nicknamed the Super Six, which together produce enough electricity to power 450,000 homes. The plants are also expected to prevent the release of 650,000 tonnes of carbon dioxide per year, the equivalent of taking 140,000 cars off the road. 
  • In Pakistan, we are helping Packages, one of the country’s leading packaging and tissue paper producers, cut its water and energy use. The work has saved the company 43,000 megawatt-hours of electricity, enough to power 5,000 homes for one year.
  • Across the Middle East and Africa, we provided a financing package to Metito, a leading water provider, to bolster access to drinking water, improve wastewater treatment, and decrease health risks in water-stressed markets.
  • In Pakistan, we advised PVC maker EPCL on how to shrink its environmental footprint. The project is expected to help the company significantly reduce both its greenhouse gas emissions and use of natural gas.
  • In Türkiye, a country classified as water-stressed, IFC provided a sustainability-linked loan to the water utility IZSU in Izmir, as part of the Utilities4Climate initiative. It is helping the country’s third-largest city to upgrade its water supply and treatment infrastructure. The investment will improve the reliability of Izmir's water supply network, benefiting an estimated 463,000 citizens.