Developing countries can meet climate targets promised in the landmark Paris Agreement by catalyzing trillions of dollars in private investments through a combination of smart policy reforms and innovative business models, according to Creating Markets for Climate Business, a new report by IFC.
Creating Markets for Climate Business identifies seven industry sectors that can make a crucial difference in catalyzing private investment: renewable energy, off-grid solar and energy storage, agribusiness, green buildings, urban transportation, water, and urban waste management. Already, more than $1 trillion in investments are flowing into climate-related projects globally in these areas. But trillions more can be triggered by creating the right business conditions in emerging markets.
Learn more: Climate Investment Opportunities Report Series
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Renewable energy investments could climb to $11 trillion cumulatively by 2040 - benefitting from supportive policies
Off-grid solar and energy storage markets can reach $23 billion per year by 2025 - using innovative business models
Financial innovation and supportive govt. policy can unlock trillions of dollars for climate-smart agribusiness
If emerging markets adopt codes and standards, investments in green buildings could reach $3.4 trillion by 2025
Governments can spur innovation for urban transport infrastructure using mandates, mobilizing trillions of dollars
By pricing water predictably and entering PPPs, emerging markets can mobilize $13 trillion for water infrastructure