IDFC Green Finance Mapping for 2014

Towards a low-carbon and climate-resilient society

Published: 04/12/2015

2015 is a critical year for the transition towards a low-carbon and climate resilient society as the international community negotiates the shift from Millennium Development Goals (MDGs) to Sustainable Development Goals (SDGs), and meets in Paris to reach an international climate agreement. The latter will help the world address the urgency of limiting the global average temperature increase to 2°C above the pre-industrial level. Investment needs for low carbon and climate-resilient infrastructure are immense, estimated at around USD 5 to 7 trillion per year.

Since 2011, Ecofys has supported the International Development Finance Club (IDFC) with carrying out a periodic mapping on green financing by its member banks. The IDFC “Green finance” consists of “Climate finance” and “Other environmental objectives”, the first being composed of “Green energy and mitigation of greenhouse gases”, “Adaptation to climate change” and “Green energy and mitigation of GHG as well as adaptation to climate change”. Total new green finance commitments of IDFC members in 2014 were USD 98 billion. From 2011 to 2014, total green finance commitments increased by nearly USD 10 billion, corresponding to a rise of more than 10%.

Find the summary and full report available at: idfc.org

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