Countering climate change
Climate change is one of the biggest challenges of our time. It has far-reaching economic and social impacts that are already visible around the world today. It affects all economies, but the developing countries are much more at risk than industrialised and emerging economies that bear the main responsibility for climate change. With the Paris Agreement 2015, the United Nations have set a target to limit the increase in global warming well beyond 2°C. KfW Development Bank is working towards achieving this goal by promoting mitigation and adaptation projects. 5.1 billion EUR (58 %) of our 2018 commitments totalling 8.7 billion EUR pertained to climate and environmental protection.