Accelerating green growth
Climate change is already reshaping economies, livelihoods and development prospects across the countries where we invest. Its impacts fall hardest on those least responsible for emissions – increasing pressure on energy systems, food production, infrastructure and jobs.
In response, we continue to step up our climate finance leadership. We’re proud to be one of the UK Government’s largest providers of climate finance to emerging and developing economies. In the knowledge that our capital alone is not enough, we’re also focused on mobilising the private investment that’s critical to tackling climate change.
Over the year, our climate finance investments focused on removing some of the biggest barriers to the net-zero and resilient transition in emerging economies. This included financing groundbreaking battery storage and renewable energy projects, helping stabilise power systems and unlock greater use of clean electricity at scale.
We also expanded our support for e‑mobility, backing cleaner transport solutions that cut emissions while improving affordability and reliability for workers and small businesses.
Alongside this, we worked with financial partners to help companies shift away from high‑emissions processes and invest in more efficient, sustainable ways of operating.
And across our portfolio, we’ve increased the climate resilience of our investments, while also investing in businesses that are strengthening climate resilience for vulnerable communities and sectors.
Together, these investments support faster decarbonisation while strengthening energy security, productivity and resilience across economies.
