IDFC Green Finance Mapping Report 2022

IDFC members reported a record $224 billion in green finance commitments in 2021, with climate finance accounting for 95% of the total. Mitigation finance reached $186.6 billion, while adaptation finance decreased by 24% to $20.9 billion. Biodiversity finance grew by 31% to $18.4 billion. The majority of climate finance was provided by non-OECD institutions and directed toward the East Asia and Pacific region.

• IDFC members reported a record high of $224 billion in total green finance commitments in 2021, representing a 21% increase from 2020.
• Climate finance constituted 95% of total green finance in 2021, totaling $212.7 billion. Within this, mitigation finance reached a record $186.6 billion, while adaptation finance fell 24% to $20.9 billion.
• Mitigation finance in 2021 was primarily driven by investments in energy ($60 billion) and low-carbon transport ($59 billion). Renewable energy was dominated by wind ($22.6 billion) and hydropower ($15.4 billion).
• Non-OECD based institutions provided the majority of climate finance in 2021, committing $131 billion, which represents 62% of the total climate finance.
• The East Asia and Pacific region was the largest recipient of climate finance in 2021, accounting for 60% of commitments ($127.4 billion), followed by Western Europe at 30% ($63.2 billion).
• Biodiversity finance increased by 31% from 2020 to reach $18.4 billion in 2021. Of this, 58% ($10.7 billion) were climate projects with biodiversity co-benefits, while 42% ($7.7 billion) were non-climate-related biodiversity projects.
• Biodiversity finance was heavily concentrated in the East Asia and Pacific region, which attracted 90% of commitments ($16.6 billion).
• Loans were the dominant financial instrument for climate finance, accounting for $198.5 billion or 93% of the total. Grants increased by 118% to $14 billion.
• IDFC members are working toward a collective goal of mobilizing $1.3 trillion in green finance between 2019 and 2025, having reached $606 billion in cumulative commitments since 2019.

APA

Climate Policy Initiative (2022). IDFC Green Finance Mapping Report 2022. https://www.climatepolicyinitiative.org/wp-content/uploads/2022/11/IDFC-2022.pdf

Chicago

Climate Policy Initiative. IDFC Green Finance Mapping Report 2022. 2022. https://www.climatepolicyinitiative.org/wp-content/uploads/2022/11/IDFC-2022.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=IDFC Green Finance Mapping Report 2022 |date=November 2022 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2022/11/IDFC-2022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2022idfc, author = {{Climate Policy Initiative}}, title = {{IDFC Green Finance Mapping Report 2022}}, institution = {Climate Policy Initiative}, year = {2022}, month = nov, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2022/11/IDFC-2022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }