Development finance plays a significant role in financing countries’ green economic growth. CPI works with development finance institutions to assess the effectiveness of their policies, instruments, investments, and portfolios, while identifying risks and opportunities. This includes work with the International Development Finance Club (IDFC), a group of 26 national and regional development banks from all over the world, to map their green finance commitments and providing recommendations for how they can align their operations and strategies with the Paris Agreement.
This study identifies the changes the Paris Agreement implies for the role of Development Finance Institutions (DFIs) – specifically members of the IDFC – and how they may implement these changes through a targeted set of activities.
Supporting National Development Banks to Drive Investment in the Nationally Determined Contributions of Brazil, Mexico, and Chile
The Paris Agreement combats climate change through country-defined sustainable development plans, aiming to align financing flows with low-carbon climate resilient growth. National development banks and local financial institutions can play key roles in providing climate financing and supporting implementation of these plans.
The International Development Finance Club (IDFC) is the leading group of 26 national and regional development banks from all over the world, the majority of which are active in emerging markets. During the United Nations Climate Action Summit 2019, IDFC resolved to mobilize significant volumes of financing for meeting climate and development goals.
While challenging, scaling up climate finance ideas is possible, and is greatly facilitated by four success factors that can be influenced by the entrepreneurs developing these initiatives and their stakeholders.
Now, more than ever, development finance has a role to play in addressing both short and long-term needs, setting market signals, and taking risks the private sector can’t bear – all roles crucial for setting the trajectory toward a more sustainable future.
IDFC has conducted regular mapping of its member institutions’ green finance commitments since 2011. Climate Policy Initiative supports this effort by assisting IDFC member institutions filling out the survey, and checks, aggregates, and analyzes the data.
Climate budget tagging will help identify, classify, and weigh climate-relevant spending, thereby enabling the estimation, monitoring, and tracking of such expenditures
A roadmap for a comprehensive green finance strategy in India to help ensure a sustainable recovery.
How National Development Banks can drive climate-smart solutions in cities during COVID-19 and beyond
In this blog, CPI’s Priscilla Negreiros highlights that National Development Banks have the potential to unlock needed climate investment into cities.
This paper focuses on enhancing the role that National Development Banks play in supporting the acceleration of climate-smart urban infrastructure investment.