Climate action
IDFC at COP28
This year’s IDFC Annual meeting took place in the context of COP28 in Dubai (UAE)
As in previous years, IDFC was also represented at COP28 with its own pavilion. An overview and recordings of the IDFC events in the areas of climate finance, energy, biodiversity and partnership can be found here: News - IDFC
The IDFC Green Finance Mapping 2023 was also published as part of COP28. In 2022, USD 288 billion was invested in the promotion of green projects, more than ever before. A further milestone was set with financing in biodiversity totalling USD 18 billion. You can find the full Green Finance Mapping report under
KfW was on site with CEO Stefan Wintels and executive board member Christiane Laibach as well as the CEOs of IPEX Bank, Belgin Rudack, and DEG, Roland Siller.
Published on KfW Stories on 26 January 2024.
The described project contributes to the following United Nationsʼ Sustainable Development Goals
Goal 17: Revitalize the global partnership for sustainable development
The 17 goals can only be achieved within the context of a strong global partnership. Governments, civil society and companies must work on implementing them together. “No one left behind” is the main principle behind Agenda 2030. The UN member states have made commitments to reach the people furthest from the goals first. However, the funds available for public development cooperation have decreased in the poorest countries over the last few years. Only five countries have kept their promise of maintaining the 0.7 per cent prescribed by the Official Development Assistance quota – that is the share of gross national income dedicated to public expenditures for development cooperation. Germany has also not yet met the Official Development Assistance quota, although it has continuously increased its expenditures in the last few years.
All United Nations member states adopted the 2030 Agenda in 2015. At its heart is a list of 17 goals for sustainable development, known as the Sustainable Development Goals (SDGs). Our world should become a place where people are able to live in peace with each other in ways that are ecologically compatible, socially just, and economically effective.
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