Financing climate change is an important part of the World Bank Group's business. Our focus has resulted in significant financing flowing to support low-emissions and resilient development. For example, mitigation support for the world's poorest countries through the Bank's IDA reached $2.3 billion during fiscal year 2013, while the IFC's mitigation financing increased 50 percent to $2.5 billion.
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July 10, 2014 — Representatives from 44 forested countries, all involved in the Forest Carbon Partnership Facility, shared success stories showing how innovative climate finance can help protect forests and mitigate climate change. Read More »
June 23, 2014 — With careful design, the same development projects that improve communities, save lives, and increase GDP can also fight climate change. A new World Bank report calculates the potential.Read More »
June 11, 2014 — The World Bank Group, business groups, and investors have called on governments and corporations to support a price on carbon. So what does that mean, and how does carbon pricing work?Read More »
May 28, 2014 — A new report shows that countries and cities are taking action on climate pricing, with eight new carbon markets launching in 2013 and another in early 2014, many of them in China. Read More »
The World Bank offers a line of disaster risk financing for direct budget support that provides varying levels of protection depending on the type, frequency, and severity of the event. It includes weather hedges, contingent financing, and catastrophe bonds.
The six large multilateral development banks delivered $27 billion in financing last year to help countries mitigate and adapt to the challenges of climate change. The largest share, 47 percent of the total, came through the World Bank Group.
This joint United Nations Development Programme-World Bank platform provides information on climate finance for developing countries. Users will find climate funding source profiles, case studies, and hundreds of documents, tools and guides for decision-making.
The Climate Investment Funds are designed to provide scaled-up financing, through the Multilateral Development Banks, to initiate transformational change toward climate-resilient, low-carbon development in 48 countries.
The International Finance Corporation, the World Bank's private sector arm, works with international partners to catalyze resources and help business fill financing and knowledge gaps in areas such as renewable energy and emissions reductions.