IFC's Garcia Mora on Sustainable Finance

The video discusses the importance of addressing energy security concerns and the role of the private sector in the energy transition. It highlights the IFC's investment in sustainability bonds and the need for more financial instruments to combat climate change. The SLB market in Asia is small but has potential for growth. Expectations for COP 26 include clear commitments from countries to tackle climate change. The private sector's role is crucial, and governments need to create incentives for private investment in climate solutions.

What is a major concern regarding the energy transition?

• High costs of renewable energy

• Insufficient technology

• Lack of investor interest

• Fear mongering over energy security

What is the IFC's role in the context of climate change?

• Developing new energy technologies

• Providing energy subsidies

• Regulating carbon emissions

• Investing in sustainable projects

How many people are expected to fall into poverty due to climate change?

• 50 million

• 200 million

• 150 million

• 100 million

What is the estimated amount needed to be mobilized for the climate economy in the next 15 years?

• $150 trillion

• $50 trillion

• $75 trillion

• $100 trillion

What is a key feature of link bonds?

• They are backed by government guarantees

• They offer fixed interest rates

• They are only available in Asia

• They link the coupon to specific targets

What is the current size of the SLB market in Asia?

• $10 billion

• $6 billion

• $1 billion

• $3 billion

What is a major expectation from COP 26?

• Reduction in renewable energy investments

• Clear and tangible commitments from countries

• Increased fossil fuel production

• Expansion of coal mining