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September 27, 2023

IFC: we need more concessional funds for the green transition

Renewable energy_solar panels and wind turbines
The IEA estimates that about $1.9tn annually is needed in developing countries to enable the transition to net zero (Photo: Chuyu2014/Envato)

Development banks are increasingly looked upon to provide funding and attract private investment in countries that most need it to transition to net zero. The World Bank’s private sector arm says more below-market rate capital is needed During Climate Week NYC, Sustainable Views led a conversation on the role of...

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