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Telling Our Story: Climate Change - Filling the Financial Gap

Telling Our Story: Climate Change - Filling the Financial Gap

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Published by IFC Sustainability
This booklet focuses on IFC's work in climate change, highlighting leading projects from all regions and explaining our role in filling the financing gap.
This booklet focuses on IFC's work in climate change, highlighting leading projects from all regions and explaining our role in filling the financing gap.

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Published by: IFC Sustainability on Aug 10, 2012
Copyright:Attribution Non-commercial

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04/25/2014

 
Telling Our Story
FILLING THE
FINANCING GAP
Climate Change
 
Climate Change:
How IFC Helps 
IFC brings a special approach to the climate change challenge, complementing thegood work o other organizations ocused on policy, research, advocacy, negotiation,loans to governments, and grant-based assistance.Looking through the lens o development fnance, we bring several unique eaturesas the only global multilateral institution ocused on the private sector. Working withmany partners in more than 100 countries, we invest, advise, and mobilize resourcesrom others, creating opportunity or clients in a broad range o industries in emergingmarkets. In fscal 2009 we invested $14.5 billion, including $4 billion mobilizedthrough sources such as syndications and structured fnance. In fscal 2009, more than$1 billion o our direct investments went to fnance renewable energy and energyefciency and in total, we leveraged more than $6 billion in clean energy-relatedinvestments.Climate change and sustainability are key areas o strategic ocus or us. The least-developed countries ace long-term obstacles to sustained prosperity, and climatechange poses a particularly high risk or their people, many o whom depend onagriculture, orestry, and fsheries or their livelihoods and have limited or unreliablesources o water and energy. Standing between the public and private sectors, webring market-based solutions to the challenge o creating low-carbon economicgrowth that meets the needs o the poor.
IFC AdvIsory servICes
Helping clients understand thespecic risks and opportunities theyface from climate changeProviding technical expertise to helpthem succeed in this new environmentPartnering with donors, foundations,socially responsible corporations, NGOs,and others to assess the potential formarket transformation 
IFC InvestmentservICes
Financial innovation transactionsfocusing on “rsts”: ground-breaking transactions with signicantdemonstration effectHelping clients gain rst-moveradvantageProviding debt, equity, quasi-equity, riskmanagement, and resource mobilizationfor climate-positive projects
KnowledgeshArIng
Capturing the lessons learned from our workWorking with banks adhering to theEquator Principles, agricultural commodityroundtables, and other groups to spreadthe resulting learning for widerapplicationDeveloping accountingmethodologiesGame-changing appliedresearch in climate investing,adaptation, and nancialtools
 AssessIngglobAl trends
Proactively identifying emergingclimate change issues by collaboratingwith the World Bank, engaging withgovernments, and participating ininternational treaty negotiationsIdentifying the resulting trends andways that business in emergingmarkets can be part of thesolution
 
has been developing new business models and nancing instruments or clean energy,energy eciency, and cleaner production, setting and improving environmental and socialstandards or the private sector, leveraging labor and social capital, and preventing the loss o biodiversity. In scal 2009 alone, we invested more than $1 billion in climate-related projects. As helpul as our work is, imagine what would be possible i our models were more widely adopted. This collection o stories is thereore aimed at rms, nancial institutions, otherinvestors, and donor governments that are interested in new business models o mitigation—energy eciency, renewable energy, and cleaner production—and adaptation—orestry, water, and others—in emerging markets. Just part o the larger agenda, it highlights theopportunities, outlines the risks and their solutions, and provides real-world examples o theimportant role the private sector can play in climate action.Reducing poverty and addressing climate change are two o the greatest challenges acing the world today. Fighting climate change has long been a strategic priority or IFC because we understand that its cost alls heaviest on the poorest people. Our ability to respond isconstrained only by the amount o capital we have to invest. With more capital, we can makean even greater dierence.Together with public and private actors in both developed and developing countries, we mustseize the opportunity at this historic time in the battle against climate change, ocusing onlling the nancing gap.
Lars H. ThunellExecutive Vice President and CEO
1
 Message from the Executive Vice President and CEO 
The Private Sector and Climate Change
Climate change cannot be managed without a strong engagement o theprivate sector.The UN Framework Convention on Climate Change has estimatedthat more than 80 percent o investments required or climate changemitigation and adaptation will have to be privately nanced. Unless energy companies invest in renewables, unless industry and transport companiesinvest in more ecient technologies, unless agribusiness companies plantsustainably, there will be no meaningul curbing o carbon emissions.Private initiative is critical as well in the development and dissemination o new climate-riendly technologies, which will be key to managing climatechange at a reasonable cost.The good news is that there is a strong business case or climate investment.This is already well known to a number o companies that have signicantly adapted their business strategies to tap into climate opportunities. Theother good news is that the money is there. Pension unds alone manageroughly $20 trillion worth o retirement savings globally. These investorsand others are increasingly aware that sustainable business is good businessover the long run.To support this eort in emerging markets, IFC over the last 10 years
Cover Photo:Solar power installation, Xinjiang province, China.

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