Current levels of climate financing for developing countries fall short of what is needed for mitigation purposes. While public policy is key, private sector must play a leading role in adopting a clean growth path. Clean growth is a key strategic priority for IFC in both its investment and advisory work to facilitate private sector's growing role. IFC is increasingly supporting private sector to move to a lower-carbon growth path through its support in renewable energy, energy efficiency, and resource efficiency, together defined as climate-smart investments. IFC also assists governments on private sector participation in infrastructure, renewable energy and other public services. Investments by IFC have a strong demonstration effect, and encourage other private sponsors and investors in other emerging markets to support renewable energy projects.
Authors
- Disclosure Date
- 2024/07/12
- Disclosure Status
- Disclosed
- Doc Name
- South Asia - Clean Growth : Partnerships with the Private Sector
- Published in
- United States of America
- Unit Owning
- South Asia
- Version Type
- Final
- Volume No
- 1