Wednesday, April 8, 2015

IDB Invests $4.4 billion in Environmental Sustainability and Climate Change

The Inter-American Development Bank (IDB) committed $4.4 billion for projects that target climate change adaptation and mitigation, renewable energy and environmental sustainability in 2014, an increase of $1.5 billion over the previous year. This investment represents one-third of the Banks’ lending for the year, surpassing its institutional target of 25 percent, according to the IDB’s annual Sustainability Report unveiled here today.

The Report highlights the Bank’s sustainability performance in 2014, both in achieving institutional sustainability investment targets, as well as through a series of stories about the projects it is undertaking in its member countries. Projects highlighted in the Report include a new model for sustainable hydropower in Peru and the transformation of an urban landscape with new green spaces in Brazil.

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