IDFC Green Finance Mapping Report 2021

The IDFC Green Finance Mapping Report 2021 analyzes the green finance commitments of the International Development Finance Club (IDFC) members for the year 2020. It highlights a milestone where cumulative green finance since 2015 surpassed $1 trillion, while noting a 6% decline in new 2020 commitments due to the COVID-19 pandemic. The report introduces a new dedicated tracking mechanism for biodiversity finance alongside traditional climate mitigation and adaptation flows.

• Cumulative green finance commitments by IDFC members since the 2015 Paris Agreement surpassed the $1 trillion mark in 2020.
• In 2020, IDFC members reported total new green finance commitments of $185 billion, which is a 6% decrease from 2019, largely attributed to the COVID-19 pandemic.
• Climate finance accounted for 96% of total green finance in 2020, totaling $178.5 billion. Within this, mitigation finance (the largest category at 82%) declined by 10%, while adaptation finance grew by 42% over 2019 to reach $27.5 billion.
• The East Asia and Pacific region was the primary recipient of climate finance in 2020, receiving 55% of total commitments ($98.9 billion). Western Europe was the second largest recipient, accounting for 31% ($54.5 billion).
• Loans were the dominant financial instrument for climate finance, representing 94% of total commitments at $168.5 billion. Grants increased by 70% from 2019 to reach $6.3 billion.
• For the first time, the report separately tracked biodiversity finance, which totaled $14 billion in 2020 (7.5% of total green finance). This includes $5.4 billion for projects with biodiversity as the sole objective and $8.6 billion for climate projects with biodiversity co-benefits.
• Biodiversity finance was heavily concentrated in the East Asia and Pacific region, which attracted 84% ($11.8 billion) of these commitments. The most funded biodiversity sector was water preservation at 24% ($3.4 billion).
• Institutions based in non-OECD countries provided the majority of both climate and biodiversity finance in 2020, contributing $102 billion to climate finance (57% of total) and $12.6 billion to biodiversity finance (90% of total).
• Private sector co-financing for climate projects totaled approximately $3.6 billion from six reporting institutions, with $3 billion coming from private institutions. Adaptation projects received only $54 million in private co-financing.

APA

Climate Policy Initiative (2021). IDFC Green Finance Mapping Report 2021. https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/IDFC-2021-Green-Finance-Mapping-Report.pdf

Chicago

Climate Policy Initiative. IDFC Green Finance Mapping Report 2021. 2021. https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/IDFC-2021-Green-Finance-Mapping-Report.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=IDFC Green Finance Mapping Report 2021 |date=November 2021 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/IDFC-2021-Green-Finance-Mapping-Report.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2021idfc, author = {{Climate Policy Initiative}}, title = {{IDFC Green Finance Mapping Report 2021}}, institution = {Climate Policy Initiative}, year = {2021}, month = nov, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/IDFC-2021-Green-Finance-Mapping-Report.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }