Big money is flying toward startups promising to help build a #carbon-free future. But horizon-scanning investors around the world aren’t backing yesterday’s innovations like #solar and #wind. Instead, they’re pouring $1.1 trillion into a new wave of climate technology. Eric Roston and Akshat Rathi https://lnkd.in/gXB2-H5v
IFC Climate Business & ESG Sustainability
International Trade and Development
Washington, DC 101,564 followers
Advancing climate business and ESG standards in emerging markets
About us
As the largest development finance institution supporting the private sector in emerging markets, IFC is uniquely positioned to build new markets for climate business while ensuring that all of our investments are reviewed against IFC’s environmental, social and corporate governance (ESG) standards. We invest directly in climate-smart solutions such as clean energy, urban infrastructure, climate-smart agribusiness, and green buildings; develop innovative financial products such as green bonds and green loans; and engage public and private sector stakeholders to work together to find sustainable business solutions. The influence of IFC’s ESG standards reaches far beyond its own investments as they are widely adopted by investors, financial intermediaries, regulators and corporations, supporting an estimated $4.5 trillion in investments across emerging markets in the last decade. Websites: • Climate Business – http://ifc.org/climatebusiness • Sustainability – http://ifc.org/sustainability • IFC Environmental and Social Performance Standards – http://ifc.org/performancestandards • Corporate Governance – http://ifc.org/corporategovernance
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http://ifc.org/sustainability
External link for IFC Climate Business & ESG Sustainability
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- International Trade and Development
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Updates
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#COP28 President: "More investments are needed in climate technologies, which can help create a new economic development model focused on cutting emissions while ensuring growth." https://lnkd.in/eF-TavzV
More investments needed in climate technology to support energy transition
thenationalnews.com
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Where governments around the world are failing to act or at least act fast enough, individual innovators are stepping up to try to fill the breach. These disruptors are pushing the boundaries of technology in creative ways to find solutions to the climate crisis and other, often related, environmental challenges. https://lnkd.in/gN4yQjmW
Disrupting climate change: 13 tech innovators helping to save the planet
newsweek.com
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At least $12 million a year has been freed up to help #Ecuador protect the unique ecosystem of the #Galapagos Islands with the sealing of the world's largest-ever 'debt-for-nature' swap. https://lnkd.in/gw-dMnsh
Factbox: Debt-for-nature swaps swell in climate finance response
reuters.com
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As the globe works to decarbonize, urban growth also represents a massive opportunity for investors, says Sadek Wahba, the founder and chairman of I Squared Capital, a global infrastructure management company that manages around $40 billion worth of investments. https://lnkd.in/gz_FA5x3
Massive city growth and climate change are twin opportunities, says manager of $40 billion fund
cnbc.com
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A new ocean treaty has the potential to shape how the conservation and sustainable use of marine resources are approached for decades to come. https://lnkd.in/gwh4MW8u
Ocean treaty set to address climate change impacts, pollution, biodiversity
blogs.worldbank.org
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David Malpass: "As we look for longer-term approaches to climate funding, the size of the necessary flow of resources requires a global asset class based on: 1) agreed measurement standards and verification of actual and lasting greenhouse gas emission reductions; and 2) standardization to dramatically increase the volume of resource flows. " https://lnkd.in/gbk7RuXG
Impactful climate mitigation requires standards, verification and standardization
blogs.worldbank.org
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A renewed focus on global economic integration offers Latin America the most convincing pathway to prosperity: harnessing its unparalleled strengths in the green economy. https://lnkd.in/gMuB7mT6
Nearshoring and green economy offer paths to higher growth for Latin America and the Caribbean
blogs.worldbank.org
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Climate change is an existential threat for Pacific Island countries that can lead to the risk of displacement and migration for families and communities across the region. https://lnkd.in/g9g4R5sg
Listening to the first responders of climate change: The social dimensions of climate change in the Pacific
blogs.worldbank.org
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Addressing the water-energy nexus is crucial for fighting climate change across Central Asia and ensuring a resilient, sustainable, prosperous future for the region. https://lnkd.in/g4KPsR4U
Leveraging the water-energy nexus to tackle climate challenges in Central Asia
blogs.worldbank.org