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COP27: Implications for Financial Institutions

COP27 took place in Sharm El-Sheik, Egypt, in early November 2022. COP27 was the 27th annual “Conference of the Parties,” that is, the meeting of delegates from countries that are signatories to the United Nations Framework Convention on Climate Change (UNFCCC). At COP21, held in Paris, France, in 2015, delegates agreed to a legally binding

Financing Waste Management

Through ratifying the Paris Agreement, 189 countries agreed to work together to invest in a low-carbon future, lowering greenhouse gas (GHG) emissions enough to limit the average global temperature increase in this century to 2 ̊C or less. In 2016, 5% of global GHG emissions were generated by solid waste management. This is a small

Paris Alignment: How Can the Financial Sector Accelerate the Transition to Net-zero?

In 2015, representatives from 196 country members of the United Nations Framework Convention on Climate Change (UNFCCC) met in Paris to develop a global approach to mitigating and adapting to climate change. The resulting plan is known as the Paris Agreement. The primary goal of the Paris Agreement is to limit global greenhouse gas (GHG)

Managing Climate Risk

Climate change is already affecting almost all sectors of the global economy. Heatwaves and droughts are reducing crop yields and increasing demand for electricity. Flooding and higher sea levels are stressing shoreline infrastructure. Storms and temperature swings are straining buildings and transportation networks. The World Bank estimates that by 2030, climate change may push 130

Blue Finance: Financing the Ocean Economy

Through ratifying the Paris Agreement, 189 countries agreed to work together to invest in a low-carbon future, lowering greenhouse gas (GHG) emissions enough to limit the average global temperature increase in this century to 2 ̊ C or less. As well as traditional climate-smart solutions, investment is needed to finance low-carbon solutions to maintain and

Green Transportation: the Banking Opportunity

Through ratifying the Paris Agreement, 189 countries agreed to work together to invest in a low-carbon future, lowering greenhouse gas (GHG) emissions enough to limit the average global temperature increase in this century to 2 ̊ C or less. One area where there is significant opportunity to decrease GHG emissions is the transportation sector. Transportation

Financing Green Buildings

Around the globe, buildings account for 28 percent of energy-related greenhouse gas (GHG) emissions. Meeting the goals of the Paris Accord to limit global warming to an increase of 1.5 C will require practice changes in the building sector. New buildings must be energy efficient, and many existing buildings must be retrofitted to use less

After COP26 Banks are to Deliver on Ambitious Net Zero Targets

COP26 was held in Glasgow in early November 2021. COP26 was the 26th annual “Conference of the Parties”, that is, the meeting of countries that are signatories to the United Nations Framework Convention on Climate Change (UNFCCC). This year’s COP marks the beginning of a shift of these conferences from making rules and identifying the

Battery Storage: A $16 Billion Investment Opportunity

Through ratifying the Paris Agreement, 189 countries have agreed to work together to invest in a low-carbon future, lowering greenhouse gas (GHG) emissions enough to limit global temperature increase in this century to 2 ̊ C or less. Achieving this goal will require the use of new, climate-friendly sources of energy. Significant financial resources from

Issuing Green Bonds

Through ratifying the Paris Agreement, 189 countries have agreed to work together to invest in a low-carbon future, lowering greenhouse gas (GHG) emissions enough to limit global temperature increase in this century to 2 ̊ C or less. Significant financial resources must be mobilized to meet this commitment, from the public and private sectors. One

GBAC’s Climate Roadmap to Green Banking Success

IFC’s new Green Banking Academy (GBAC) is an online banking knowledge initiative designed to help financial institutions and the private sector in Europe and Central Asia (ECA) learn about green banking and build green portfolios. Along with concern about climate change, demand for financing for climate-friendly projects is growing. Through knowledge, training, advisory and investment

Measuring Climate Investments, Impacts and Risk

Through ratifying the Paris Agreement, 189 countries have agreed to work together to invest in a low-carbon future, lowering greenhouse gas (GHG) emissions enough to limit global temperature increase in this century to 2 C or less. Significant financial resources must be mobilized to meet this commitment, from both the public and private sectors. To