The Private Infrastructure Development Group (PIDG) is expanding its capital base to drive greater climate impact in emerging markets and developing economies (EMDEs), reaffirming its position as one of the world’s leading players in blended finance.
PIDG’s latest Sustainability and Impact Report shows 64 percent of all new commitments in the year were classified as climate finance with a total of $5.5 billion invested, of which $4.1 billion was from the private sector. The group’s 2030 Strategy targets 50 percent to 70 percent of commitments to qualify as climate finance and a significant scale-up in adaptation, resilience and nature-positive investments.
At COP30, the 30th United Nations Climate Change Conference taking place in Brazil, Nov. 10-21, PIDG is calling for greater private capital mobilization and allocation to innovative financing structures that de-risk investment in climate infrastructure across emerging markets. The group stresses develo
