A New IFC Vision for Greening Banks in Emerging Markets


Photograph: © SAF — Coastal Care

Excerpts;

The International Finance Corporation is rapidly greening its portfolio.

This past fiscal year, 36 percent of our own accounts and mobilization supported climate-smart projects — up from 12 percent a decade ago. Since May, we have been applying a carbon price to all project finance investments in the cement, chemicals, and thermal power sectors, at $40-80 per metric ton…Yet we should do more…

Read Full Article; IPS News (10-15-2018)