#ICYMI: OECD - OCDE says that in 2022 developed countries provided and mobilised a total of $115.9 billion in #climatefinance for developing countries, exceeding the annual USD 100 billion goal for the first time. This achievement occurs two years later than the original 2020 target year, but one year earlier than in projections produced by the OECD prior to COP26. More details: ➡ Public climate finance (bilateral and multilateral attributable to developed countries) accounted for close to 80% of the total in 2022 and increased from USD 38 billion in 2013 to USD 91.6 billion in 2022. ➡Following a small drop in 2021, adaptation finance reached USD 32.4 billion in 2022, three times the 2016 level. Mitigation continued to account for the majority, representing 60% of the total. ➡Private finance mobilised by public climate finance grew by 52%, following several years of relative stagnation. https://lnkd.in/eus-7Eme
IFC Climate & Sustainability
International Trade and Development
Washington, DC 116,053 followers
Advancing climate business and sustainability in emerging markets
About us
IFC is working to mobilize private capital to address climate change in the world's most challenging markets and support sustainability initiatives that prioritize environmental stewardship and social equity. Our industry-standard environmental and social governance standards help build trust and foster a business environment that values ethical practices and long-term sustainability. Learn more about IFC Climate Business: www.ifc.org/climatebusiness Learn more about IFC ESG & Sustainability: www.ifc.org/sustainability
- Website
-
https://www.ifc.org/
External link for IFC Climate & Sustainability
- Industry
- International Trade and Development
- Company size
- 201-500 employees
- Headquarters
- Washington, DC
Updates
-
Decarbonizing and building climate #resilience in developing countries is critical to the success of global #climate action since these countries will drive the incremental consumption of energy and materials in the coming decades. World Economic Forum Council on Energy, Environment and Water (CEEW) Arjun Dutt https://lnkd.in/ecHY7gSi
-
-
NEW research from Japane's Kyushu University: companies that follow guidelines from FSB Task Force on Climate-related Financial Disclosures (TCFD) and openly share climate-related information benefit from lower capital costs. https://lnkd.in/dCxxjcyg
-
-
🎆 CONGRATULATIONS to the Dominican Republic that has issued its first sovereign #greenbond in international markets, raising 750 million in an oversubscribed transaction. With a 12-year maturity and an annual coupon of 6.6%, the financing cost was 15 basis points lower compared to conventional bonds. https://lnkd.in/eSXgnCmq
-
-
To successfully transition to a #greeneconomy, we will need green skills. And while workers are gaining green skills at impressive rates, the share of jobs that need them is outpacing them. To learn more, take a look at The World Bank - LinkedIn collaboration that added data and interactive visuals to the green skills analytics. https://lnkd.in/eJKwNawx
-
-
IFC - International Finance Corporation has announced its support to Natura to promote sustainable sourcing, which will promote the bioeconomy in the #Amazon and contribute to the protection and regeneration of the Amazon Forest. IFC's investment will also contribute to boost local economy and communities and support agroforestry sustainable supply chains in the forest. https://lnkd.in/e69byWbv
-
-
IFC - International Finance Corporation provided a $150 million sustainability-linked loan to FIBRA Macquarie Mexico México for the development of new green industrial parks in Mexico City, Monterrey, Ciudad Juárez, Reynosa and Tijuana for a total area of 2 million square feet in gross leasing area. #GreenBuildings EDGE Buildings https://lnkd.in/g2-kh5v3
-
-
On June 26, IFC and the Climate Governance Initiative announced a partnership to promote robust climate governance in emerging markets and developing economies. This collaboration was unveiled at the Climate Investment Summit, the flagship event of London Climate Action Week #LCAW2024, and aims to elevate climate corporate governance standards and accelerate global climate response. Through their collaboration, IFC and Climate Governance Initiative will support companies in these markets to develop strong governance processes to effectively manage climate risks and opportunities, building on global frameworks, international best practice and the Principles for Effective Climate Governance developed by the World Economic Forum. Learn more: https://lnkd.in/eDNqXxhz #CorporateGovernance #ClimateGovernance #ESG #SustainableFinance Aurélien Boyer
-
-
Our own Irina Likhachova talks about IFC - International Finance Corporation's efforts to unlock biodiversity finance in emerging markets.
#Champion Colleague. If we are serious about creating a world free of poverty on a livable planet, then engaging the private sector in solutions to protect biodiversity and nature is crucial. Hear Irina Likhachova explain how we are tapping biodiversity finance at IFC to do just that. Our Biodiversity Finance Reference Guide, for example, defines how we can put finance toward investment projects, activities, and components that will help protect, maintain, or enhance biodiversity and ecosystem services. Listen to Irina and bookmark the guide. https://lnkd.in/eKxYWMxp https://lnkd.in/emp4Ey6Z
Champion Colleague - Irina Likhachova
https://www.youtube.com/