IFC May Pool Clean Projects Globally to Lure Climate Investors
- In talks with emerging markets for funding clean projects
- Clean energy critical for transition, IFC’s Pathak says
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The World Bank’s private-lending arm is planning to pool renewable energy projects across emerging markets to attract large global investors to help meet rising demand for climate finance.
“You take a bunch of these assets from different economies, put them into a pool and then you go and get global investors to invest,” said Vivek Pathak, director and global head for climate business at the International Finance Corp. “So you automatically de-risk these assets significantly. I believe this is going to be one of the solutions ultimately.”