Climate Pact Helped Open Up $23 Trillion in Emerging-Market Opportunities-Study


Climate smart investment

Somalilandsun- International Finance Corporation, a member of the World Bank Group, has published a new study which shows that the Paris Agreement on climate change helped open up nearly $23 trillion in opportunities for climate-smart investments in emerging markets between now and 2030. In the Middle East and North Africa, the total climate-investment potential for Egypt, Jordan, and Morocco is estimated at $265 billion, over a third of which is for renewable-energy generation, while 55 percent ($146 billion) is for climate-smart buildings, transportation, and waste solutions. Sub-Saharan Africa represents a $783 billion opportunity—particularly for clean energy in Cote d’Ivoire, Kenya, Nigeria, and South Africa. 

Please click to find IFC study factsheet  

The full report can be viewed here: