The International Finance Corporation (IFC), a member of the World Bank Group, has committed a $50 million investment to responsAbility’s Asia Climate Strategy, marking the fund’s fourth successful closing.
This investment brings the strategy’s total commitments to $414 million, putting it on track to achieve its $500 million target by the end of 2025.
The IFC’s investment aligns with its objective to decarbonize energy and transportation across Asia by supporting projects in renewable energy, electric mobility, and other climate technologies.
The responsAbility Asia Climate Strategy utilizes a blended finance model to mobilize significant private capital for low-carbon solutions, with more than $200 million of the total commitments already coming from private sources.
Impact and focus:
The fund targets sectors with high CO₂ reduction potential, including renewable energy, battery storage, e-mobility, energy efficiency, and circular economy solutions.
Over the lifetime of its investments, the strategy aims to avoid approximately 16 million tonnes of CO₂ emissions. The focus on Asia is critical, as the region accounts for over 50% of global CO₂ emissions and is experiencing a rapidly increasing energy demand.
Leadership voices:
According to Stephanie Bilo, Chief Client & Investment Solutions Officer, responsAbility, “IFC’s commitment represents a strong vote of confidence in responsAbility’s climate investment expertise and track record. With $414 million raised in this particular strategy, we are well positioned not only to reach our $500 million target but also to continue scaling the Sstrategyand delivering substantial CO₂ reduction impact in the region.”
Allen Forlemu, Regional Industry Director, Financial Institutions Group, Asia Pacific at IFC, said, “Our investment in the responsAbility Asia Climate Strategy demonstrates IFC’s commitment to supporting innovative structured debt fund solutions that mobilize private capital at scale to accelerate sustainable growth. We are pleased to support responsAbility, our long-time partner, in taking the strategy to the next level and expanding it across the region.”
The IFC’s investment is a testament to the effectiveness of blended finance in attracting private sector participation for climate action in emerging markets. This partnership is expected to help the fund identify and finance additional projects with significant climate impact across the continent.
