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.

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

IFC's Impact:

  • 11.5 million tons of CO2 avoided in FY23
  • 22 GW Solar, wind energy, and hydropower capacity financed since 2010
  • $14.4 billion Combined mobilization and investment in FY23

At a Glance

In fiscal year 2023, IFC delivered $7.6 billion in climate finance and mobilized an additional $6.8 billion from other sources.

IFC's Stocktake on Climate Action since the Paris Agreement

Areas of Focus

IFC is helping to create markets for climate business in many countries, using its own capital, expertise, and local country knowledge to attract commercial capital.

Addressing Climate Challenges in Key Sectors

Together with the public sector arms of the World Bank Group, IFC focuses its efforts on 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.

Insights & Reports

Stories of Impact

IFC at COP28

The World Bank Group is redoubling efforts to end poverty on a livable planet. A safer climate means that all people – but especially women and young people – have a decent quality of life on a planet with clean air, clean water and enough to eat, and are less vulnerable to climate impacts.