In contrast to the Co-Operative Bank claims – IFC claims major sustainable energy investment

According to the latest IFC Sustainability Report: ‘Choices Matter’:

The International Finance Corporation (IFC) allocated more than 14% of its total investments in fiscal 2005 to sustainable energy projects.

For the first time the IFC – the private sector arm of the World Bank Group – has identified projects within its mainstream portfolio that have a sustainable energy component: it found 21 projects, representing a $705.1 million investment. Meanwhile, investments in pure sustainable energy projects reached $220.9 million.

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