Closing loopholes: How the IFC can help stop fossil fuel finance
Recourse and Trend Asia released a new report looking at what IFC needs to do to stop backing coal, gas and oil through its financial intermediary investments.
Though IFC launched its flagship Green Equity Approach two years ago, aiming to help equity clients exit coal by 2030, our new report shows IFC has signed up just two clients to the GEA – one of which, Hana Bank Indonesia, has gone on to fund new coal plants.
