Expertise

Climate Business

While low-carbon solutions are gaining traction, the world is still dangerously off-track when it comes to slowing down climate change.  Emerging markets – given their huge development needs and growing energy demand – have the opportunity to “leapfrog” their economies with green, resilient growth. IFC is the partner of choice for emerging market companies looking to decarbonize and build resilience, with deep sector and regional experience and comprehensive climate expertise.

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IFC’s focus is on accelerating an inclusive transition to low-carbon, resilient growth that is focused on people, jobs and long-lasting industrial progress. We are the only global development institution capable of creating bankable climate projects , blending public and private capital to make investments viable , and crafting mechanisms allowing institutional investors to back impactful climate solutions at scale

Over the last 5 years, IFC’s $51bn of climate finance has achieved the following impacts:

  • 69.5 million Tons of CO2 avoided
  • 10 GW Solar, wind energy, and hydropower capacity financed
  • 90 million sq. metres Floor space certified green

At a Glance

In the fiscal year 2024, IFC delivered a record $9.1 billion in long-term climate finance through its own account. IFC further mobilized an additional $10.2 billion of private capital from other sources, bringing the total to $19.4 billion. 

IFC's Stocktake on Climate Action since the Paris Agreement

Areas of Focus


IFC is working to create markets for climate business in emerging markets by investing and mobilizing private capital at scale to achieve long-lasting impact.

Accelerating the Transition

As part of the World Bank Group, IFC is working to accelerate the transition to low-carbon, resilient and inclusive growth.  We focus our efforts on the key systems that together generate more than 90% of global greenhouse-gas emissions, and that also face significant adaptation challenges: energy; agriculture, food, water, and land; cities; transport; and manufacturing.

Mobilizing Climate Finance for Emerging Markets

Emerging economies need nearly $3 trillion annually by 2030 to adapt to the changing climate. The lion's share of this essential funding must come from private sources. IFC is working to create opportunities for investing in green transition in emerging markets.

Paris Alignment

Under the World Bank Group Climate Action Plan (CCAP) 2021-2025, IFC undertook to align 85% of its new investment projects with the objectives of the Paris Agreement starting July 1, 2023, increasing to 100% starting July 1, 2025.

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          Stories of Impact

          IFC at COP29

          At the upcoming COP29 summit in Baku, IFC will showcase its efforts to accelerate the transition to the green, resilient and inclusive growth in emerging markets.

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