Private investment of $1tn means Paris climate targets in reach
At least $1tn of commercial investment around the world is going into sectors including energy efficiency, agri-business, public transport and renewable power, according to a report by the International Finance Corporation. This funding is making it possible for governments to meet the commitments they made under the Paris Climate Agreement, said the World Bank subsidiary. It estimated investments of $23bn a year in energy storage and off-grid solar could be possible by 2025 if governments back renewables over fossil fuels. Signatories to the agreement are meeting in Bonn this month to discuss its further implementation.

Creating Markets for Climate Business identifies seven industry sectors that can make a crucial difference in catalyzing private investment: renewable energy, off-grid solar and energy storage, agribusiness, green buildings, urban transportation, water, and urban waste management. Already, more than $1 trillion in investments are flowing into climate-related projects globally in these areas. But trillions more can be triggered by creating the right business conditions in emerging markets.

Learn more: Climate Investment Opportunities Report Series

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