KfW Development Bank at COP23
Inviting the world to Bonn, Germany: about 25,000 diplomats, politicians and representatives of civil society came together from 6 to 17 November to discuss the further implementation of the Paris Climate Change Agreement. The conference was presided over by the Government of Fiji. KfW Development Bank was also part of the UN Climate Change Conference as one of the world's largest and most innovative financiers of climate protection. We presented our Financial Cooperation approaches and experiences at numerous events. Together with partners from developing countries and experts from civil society, the private sector and the sciences, we discussed the best ways to meet the challenges of climate change and what measures for climate mitigation and adaptation should look like.
Our mission: sustainable finance worldwide
Our portfolio of projects is diverse. It includes the world's largest solar power plant in Morocco, climate resilient infrastructure in Bangladesh, flood protection in cities and on coasts, wide-scale woodland reforestation or funds for mobilising private funding. The common objective of our measures is sustainability. In 2016, we committed to new environmental and climate projects with a volume of EUR 4.8 billion. This makes up two thirds of all new commitments of the development bank. Approximately 79% of new climate and environmental measures serve to reduce greenhouse gases, 15% are for adapting to climate change and 6% are for other environmental protection. We thus make significant contributions to the German share of international climate finance. The intelligently combined use of funds from the German federal budget with capital from KfW Group gives us a high degree of leverage and effectiveness.