According to a recent World Bank report, in almost 60 percent of banks in Emerging Markets and Developing Economies (EMDES), lending for climate-related investment accounts for less than five percent of their overall portfolios, and more than one-quarter offer no climate financing at all.
This is significant, the World Bank report warned, because in developing economies, banks dominate the financial sector, unlike in advanced economies where the financial sector is more diversified.
Climate change, the World Bank pointed out, is expected to have a significant impact on economic opportunities and development outcomes in EMDES, requiring far greater investment than they currently receive.
Banks in EMDEs, the World Bank report stated, have the potential to play a larger role in closing the climate financing gap.
"Emerging markets and developing economies face substantial financing gaps in low-carbon, climate-resilient investments. We need to step up climate action and crowd in private investment," said Axel van Trotsenburg, World Bank senior managing director of development policy and partnerships.
この記事は The Philippine Star の September 25, 2024 版に掲載されています。
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この記事は The Philippine Star の September 25, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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