ECA GBAC Newsletter – November-December 2021

After COP26 Banks are to Deliver on Ambitious Net Zero Targets

This year’s COP included direct and focused attention to climate finance, with a goal to increase investments from both public and private sectors. At the summit, more than 450 financial organizations representing $130 trillion in capital came together with an ambitious pledge to reach net zero by 2050. Private banks, united under the Net-Zero Banking Alliance initiative, are to play a crucial part in this historic climate finance commitment. Read more

Client Stories

IFC’s Investment to Boost Green Housing, Strengthen Capital Markets in Romania

IFC invests Romanian Leu 95 million ($22 million) in senior preferred green bonds issued by Banca Comercială Romana S.A. (BCR) to help expand green housing finance in Romania while bolstering the country’s banking system and capital markets. Read more

IFC Supports the National Bank of Ukraine to Introduce a Sustainable Finance Policy

The Policy, developed with IFC support and adopted by NBU in November, embraces the period of 2021-2025. The Policy outlines planned steps for introducing regulatory requirements for Ukrainian financial institutions for climate impact reporting and integrating the Environmental, Social and Governance criteria. Read more

IFC’s Perspective

Voices of Climate Action

In a mini-interview, Peter Cashion, IFC’s chief investment officer and global head of climate finance talks about current and future trends in green financing.
Read the interview

Upcoming Events

Green Buildings and Construction

Green buildings represent one of the biggest investment opportunities of the next decade – nearly $25 trillion across emerging market cities by 2030 and $881 billion in Eastern Europe and Central Asia.

Please see our February 2 online discussion to learn about trends and opportunities for banks in the booming sector of green buildings and construction.