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Report

Green Finance Mapping Report 2016

The IDFC, the International Development Finance Club, formed in 2011 brings together 23 leading international, national and sub regional development banks from Africa, Asia, Europe, and Central and South America.

The IDFC Green Finance Mapping report presents the applied finance tracking methodology and key outcomes for IDFC’s green finance commitments in 2015 and 2016. This year’s green mapping report was prepared with the support of the Climate Policy Initiative.

Key points

In 2016, IDFC members contributed $173 billion in green finance commitments, $159 billion of which was climate finance. The numbers represent a $30 billion and $25 billion increase on 2015. Within climate finance, green energy and mitigation of GHGs was the largest category with $153 billion in 2016 and $128 billion in 2015. Adaptation finance decreased by $1 billion from $6-$5 billion between 2015 and 2016 and finance for other environmental objectives doubled from $7 billion to $14 billion.

The largest share of finance went to the East Asia and Pacific region with 65% in 2016 as compared to 59% in 2015. The European Union (19%), Latin America and the Caribbean (7%), South Asia (4%) were the other significant destinations of financing. In 2015, these regions received 19%, 12% and 2% of commitments, indicating how flows to South Asia have more than doubled, increasing by over $4 billion year-on-year.