Investors ‘must plan for climate risks’

Climate change is a serious risk for investors. That’s according to a new report by the International Finance Corporation (IFC) – a member of the World Bank Group. However, the paper states if climate risks were incorporated in investment strategies it could help with return outcomes. This is due to a better awareness of exposure to climate-sensitive sectors and asset […]

IFC supports renewable projects in Russia’s rural areas

The International Finance Corporation (IFC) has pledged to bring renewable energy to households in rural areas in Russia. It has signed an advisory services agreement with eastern Russia’s largest energy supplier to develop renewable projects in isolated parts of the country. The move is part of its efforts to decrease local dependence on imported fuel […]

$1bn green bond for clean energy projects

The International Finance Corporation (IFC) has issued a $1 billion (£644m) green bond to support clean energy projects in developing countries around the world. The three-year bond, believed to be the largest green bond issued to date, will provide financing for renewable energy, energy efficiency and other climate-friendly projects. The IFC claims the size of […]

Private sector “vital” to going green

The private sector can play a key role in tackling environmental challenges, according to a new strategy for sustainable development from the World Bank. The lending body which gives money to governments has released its Environment Strategy for 2012-2022, laying out a vision for “a green, clean and resilient world for all”. Challenges such as […]