IDFC Maps Green Finance Flows in 2011
July 2012: International Development Finance Club (IDFC) has published a study collating and disclosing data on green finance flows from its 19 member banks in 2011. The publication also shows how the banks use their loans and grants to raise additional funding for projects. The members of the IDFC are 19 development banks of national, sub-regional and international origin.
The study, titled “Mapping of Green Finance Delivered by IDFC Members in 2011,” shows that IDFC members made new commitments of US$89 billion in green finance in 2011, around 83% of which was invested in green energy and greenhouse gas (GHG) mitigation projects, with 10% invested in climate change adaptation and 7% in other environmental projects. It further shows that 66% of the total green finance was channeled to developing country projects, and that 95% was distributed via loans.
To improve future mapping exercises, the study recommends that IDFC members: align future mapping studies using common methodologies; and further improve data quality and consistency. [Publication: Mapping of Green Finance Delivered by IDFC Members in 2011] [IDFC Website]