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Climate Business
Climate Business
IFC Excited About Israel’s Cleantech companies
Market interest in a growing number of Israeli clean technologies makes this a very promising area IFC wants to be part of.
A New 'Climate Normal' Needed
“Climate Normals” - a standard way of estimating the weather - have enormous significance for planning long-lived infrastructure. New ‘normals’ are needed to appreciate the impact of climate change on investment and development.
China Utility-Based Energy Efficiency Finance Program (CHUEE)
The CHUEE Program is a successful, innovative market-based solution to China's energy and environmental challenges.
IFC debuts green bond in US market
IFC launches its first green bond in the U.S. market, raising $500 million for climate-friendly investments in emerging markets.
IFC research shows sustainability adds value
New IFC research shows that firms which apply good environmental, social, and corporate governance (ESG) standards outperform others financially.
Climate Business at IFC
Climate change is one of the biggest challenges to development today. And while public policy responses are critical in addressing it, the private sector must also step up and play a leading role, providing innovative business solutions. It is estimated that 80 percent of the investment required to stabilize the climate must come from the private sector. IFC works with international partners to catalyze resources and to help business fill financing and knowledge gaps in areas such as renewable energy, more efficient technologies and proven measures for emissions reduction.
For us, climate business is a strategic priority. In each of the last two years, IFC has invested $1.7 billion in clean energy and climate friendly projects. This represented 14 percent of total commitments. IFC is looking to grow its climate business to 20 percent of its long term finance (and 10% of its trade finance) by 2015.
Business as usual is not an option for a sustainable future. Now is the time to change the way we use and allocate resources: this will require a combined effort, involving large-scale government and private sector actions together to address the inevitable, unprecedented demand for resources.
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