Climate Change Strategy
Climate change is a unique global challenge in terms of scale,urgency, magnitude and complexity of action. From increased flooding and droughts to poor air quality, the effects are complex, severe and are happening now. Without decisive action, it will be particularly devastating for those living in Africa and South Asia.
The key question for CDC as a development finance institution has been: how do we support economic transformation and poverty reduction in a socially just manner that not only delivers on people’s needs for prosperity and improved living standards, but also builds the foundations for net zero emissions by 2050 and increased resilience?
Through our strategy Investing for clean and inclusive growth we will ensure that our activities and portfolio are aligned with the Paris Agreement. Our goal is to play a meaningful role in tackling climate change, and supporting countries and communities in a successful and just transition to net zero and resilient economies.
Our strategy is made up of three building blocks which align our activities and investments with the goals of the Paris Agreement:
- Net zero by 2050: investing for a net zero world, because investment decisions today affect emissions tomorrow.
- Just transition: supporting a ‘just transition’ to a net zero economy by keeping the creation of decent jobs and skills development at the forefront of the change.
- Adaptation and resilience: strengthening adaptation and resilience of sectors, communities, businesses and people to the effects of climate change.
Read the executive summary of our Climate Change Strategy here.
Read the full Climate Change Strategy here.