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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December 8, 2014 — Economic policy will be the key to mobilizing a global response to climate change, World Bank President Jim Yong Kim said in an agenda-setting speech looking toward a 2015 international climate agreement.Read More »
November 25, 2014 — One of the winners of this year’s UN Momentum for Change awards has been transforming Thailand’s renewable energy capacity with utility-scale solar farms. IFC and CIF helped her access blended finance.Read More »
November 23, 2014 — The new "Turn Down the Heat" report explores the risks that worsening climate change poses to lives and livelihoods across three regions: Latin America and the Caribbean, Eastern Europe and Central Asia, and the Middle East and North Africa and finds that about 1.5°C warming is already locked in.Read More »
November 2, 2014 — The latest IPCC report spelled out the growing risks climate change poses to lives and economies worldwide. Businesses can respond, but they need clear policy direction from governments, including consistent, meaningful carbon pricing.Read More »
September 15, 2014 — The World Bank Group and partner governments have designed a Pilot Auction Facility for Methane and Climate Change Mitigation that will let project developers and financiers compete to deliver the most efficient emissions-reducing projects.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.
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.