Climate Finance in the Urban Context: Costs of Adaptation and Mitigation in Cities looks at potential financing opportunities and costs of mitigation and adaptation in the urban context. Wide-ranging potential sources for finance for climate action are described, and suggestions are made for more effective responses to climate investment challenges in cities.
Climate change creates risks and opportunities for the private sector in emerging markets, and may impact the performance of financial institutions and the companies they invest in. Recognizing knowledge gaps in how climate change will affect the private sector over shorter time horizons, IFC has published Climate Risk and Financial Institutions, a publication that covers climate-related risks material to financial institutions, including commercial banks, institutional investors, and international financial institutions.
This paper identifies key challenges and solutions for carrying out project-level economic analysis of adaptation to climate change, both stand-alone and integrated into broader development projects.
The goal of this paper is twofold: i) to provide greater information and clarity on these three mitigation-related climate financing instruments available for the World Bank Group (WBG) and their application in the context of specific projects and national policy frameworks; and ii) to draw lessons for the broader development community on how resources from different climate financing instruments can be combined for expanded impact, increased leverage, and enhanced efficiency.