
What happened at Climate Week and why it matters for financiers
Climate Week reiterated that the world is lagging on the net-zero transition – and wider access to climate finance is needed to help close the gap.
IFC (International Finance Corporation), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. Working with private enterprises in about 100 countries, it uses its capital, expertise and influence to help eliminate extreme poverty and boost shared prosperity. In FY16, it provided more than $18 billion in financing to improve lives in developing countries and tackle the most urgent development challenges.
Climate Week reiterated that the world is lagging on the net-zero transition – and wider access to climate finance is needed to help close the gap.
Innovation, structural changes and financing are needed to truly embed the circular economy into supply chains to tackle climate change and reach net zero.