Key points
- IDFC members reported total green finance commitments of $134 billion in 2018. Although this represents a 39% decrease from commitments in 2017, cumulative green finance commitments by IDFC members sum to over $670 billion since 2015.
- Green finance commitments represented approximately 22% of total new commitments made by the reporting IDFC members in 2018. Green commitments have consistently been above one-fifth of total IDFC investments since 2016.
- Climate finance – consisting of all activities related to mitigation of GHG emissions and adaptation to climate change – accounted for 93% of total green finance.
- IDFC institutions based in non-OECD countries committed $80 billion, a smaller proportion (59%) of the total than in previous years. This decrease reversed an upward trend in the non-OECD share of IDFC green finance, which reached 75% ($166 billion) in 2017 and 68% ($118 billion) in 2016.
- Green finance commitments have become more regionally balanced. While the East Asia and Pacific region again received the largest share of finance at 56%, this was lower than in 2017 (72%). As in 2016 and 2017, the East Asia and Pacific region was followed by the EU (22%), Latin America and the Caribbean (9%) and South Asia (6%), as the leading destinations of finance.