How Banks Can Seize Opportunities in Climate and Green Investment
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International Finance Corporation, Washington, DC
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Climate change presents risks and
opportunities for the financial sector in both emerging and
advanced economies. Financial institutions cannot afford to
be outside of the transition path to low-carbon economies.
Energy subsidies, emission standards, and carbon prices will
all have a direct impact on the financial positions of these
institutions’ clients, making climate risk an important
element of any credit decision. Financial institutions will
also need to understand the climate risks associated with
their non-green assets and design measures to mitigate them.
Yet there are also significant opportunities for financial
institutions to provide innovative financing products for
energy efficiency upgrades, renewable power generation,
green buildings, green transport, and climate-smart
agriculture and architecture. And there is a growing
community of investors seeking new climate and environment
friendly opportunities, which financial institutions can use
to diversify their funding base and reduce their funding costs.
Palabras clave
GREEN BONDS, CLIMATE CHANGE, EMERGING MARKET ECONOMIES, CARBON PRICING, ENERGY SUBSIDIES, GREENHOUSE GAS EMISSIONS, ENERGY EFFICIENCY, RENEWABLE ENERGY, CLIMATE SMART AGRICULTURE, INFRASTRUCTURE FINANCE, CLIMATE CHANGE FINANCE, PHOTOVOLTAIC, SOLAR ENERGY