Stories written by Philippe Le Houérou

A New IFC Vision for Greening Banks in Emerging Markets

The International Finance Corporation is rapidly greening its portfolio.This past fiscal year, 36 percent of our own accounts and mobilization supported climate-smart projects — up from 12 percent a decade ago. Since May, we have been applying a carbon price to all project finance investments in the cement, chemicals, and thermal power sectors, at $40-80 per metric ton.