2 November 2017: The International Finance Corporation (IFC) has released a report on the vital role of the private sector in achieving the goals of the Paris Agreement on climate change. Titled ‘Creating Markets for Climate Business: An IFC Climate Investment Opportunities report,’ the publication shows that more than US$1 trillion in investments has flowed into climate-related projects in key industry sectors, such as renewable energy and off-grid solar and storage, while trillions more can be mobilized through an enabling policy and business environment.
The report provides guidance on creating markets in seven key climate business sectors, including grid-connected renewable power, off-grid solar and storage, climate-smart agriculture (CSA), green buildings, climate-smart urban transport and logistics, climate-smart urban water infrastructure and climate-smart urban waste management. Focusing on the role of smart policy reforms and innovative business models, the report compiles case studies from countries that benefit from improved policy and business environment for climate-resilient projects and green climate finance, such as Egypt, Indonesia and China.
The report confirms that the Paris Agreement has created green investment opportunities for emerging markets.
Preceded by the IFC 2016 report titled, ‘Climate Investment Opportunities in Emerging Markets,’ the publication confirms that the Paris Agreement has created green investment opportunities for emerging markets. Released ahead of the UN Climate Change Conference in Bonn, Germany, it provides guidance for developing countries to implement their Nationally Determined Contributions (NDCs) and boost sustainable development.
A member of the World Bank Group, the IFC is the largest global development institution focused exclusively on the private sector in developing countries. [Creating Markets for Climate Businesses] [Publication Landing Page] [Climate Investment Opportunities in Emerging Markets]