Since 2011, the International Development Finance Club (IDFC) has conducted a periodic mapping of member institutions’ green finance contributions. In 2021, IDFC members reported a record high of USD 224 billion in total green finance commitments, a 21% increase from 2020. Cumulatively, green finance commitments by IDFC members surpassed USD 1.2 trillion since the Paris Agreement was signed in 2015.
This is the result of IDFC members’ unique ability to deliver green finance at scale. Mitigation finance reached the highest level to date (USD186.6 billion), increasing by 27% over 2020 and returning to a level not seen since 2017. Adaptation finance (USD 20.9 billion) decreased 24%, following a record high in 2020 (USD 27.5 billion). Overall, 13 institutions increased their green commitments in 2021, returning to, or even surpassing, pre-pandemic levels.
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