Mastering Sustainability

“Only if we understand, can we care. Only if we care,
we will help. Only if we help, we shall be saved.” Jane Goodall

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Under the same roof

How financing clean energy, access to energy and green building makes a difference

  • people
    66 million


    provided with access to electricity through our clean power fund's activities while eliminating 13 million polluting kerosene lamps
  • tonnes of co<sub>2</sub>
    17.2 million

    tonnes of co2

    The total expected lifetime CO2 reduction for all projects financed by our climate fund since inception
  • cars/buses/trucks


    Our funding helped to replace more than 13,000 vehicles in some of the most polluted cities in the world, reducing CO2 emissions by 180,000 tonnes.
  • megawatt hours
    11 million

    megawatt hours

    is the expected lifetime energy savings from enery efficiency measures installed in our green building projects

With significant urbanization expected during the next decade, immediate actions are needed to tackle air pollution. Direct emissions from trans­portation, industry, cooking, heating and lighting cause much of the air polluter in the developing world, but because many cities are still powered by coal, electricity consumption is a major polluter. One way we counter this, is to finance energy efficiency projects that achieve a reduction in GHG emissions of at least 20%.

60% of the area expected to become urban by 2030 is not yet built. And with buildings accounting for 28% of the energy related to GHG emissions, we have integrated the IFC EDGE certification into our investments, which is a powerful tool to quantify water, energy and building materials savings.

Finally, 37% of the world's population will be exposed to severe heat by 2030 under a 2°C increase. So we have partnered with UN Environment to develop efficient air conditioning baselines and with BASE (Basel Agency for Sustainable Energy) to explore innovative approaches to energy efficiency financing such as Cooling as a Service.

Urban populations at risk from heat extremes

worldmap.inlineUrban population at risk 2050s10,000,000 +5,000,001 - 10,000,0001,000,001 - 5,000,000500,001 - 1,000,0001000,000 - 500,00
By 2050, 1.6 billion people could experience summer highs of 35°C (95°F). The 2003 heatwave in Europe caused an estimated 70,000 deaths. To protect populations, cities need sustainable cool infrastructure and heat action plans.

Urban population at risk 2050s

legend.inline10,000,000 +5,000,001 - 10,000,0001,000,001 - 5,000,000500,001 - 1,000,0001000,000 - 500,00
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Sustainable Cities

Taxi Transition in Lima

Millions of people commute to Lima's city center, making it the third most congested city in the world after Mumbai and Bogota. 290,000 taxis are in operation, and with 20% more than 20 years old, they are highly inefficient in terms of fuel and CO2 emissions.

Acceso Crediticio, a portfolio company of responsAbility, finances natural gas vehicles (NGVs) that are far more environmentally sustainable than traditional combustion engines and have lower fuel costs, the latter due to Peru’s extensive natural gas resources. In 2019, Acceso launched a scrapping program to persuade drivers to trade in their old models. Acceso paid a “scrapping bond” of up to USD 2,000 to be used as a down payment towards the new NGV taxi. Most of the proceeds of the bond came from a combination of private-sector sources – insurance companies, private vehicle dealers and Acceso itself – all of whom stood to benefit from the eventual purchase of the new NGV taxi.

Our Technical Assistance Facility assessed the program's economic fundamentals, ensured its environmental sustainability, and developed the implementation plan. By renewing Lima’s obsolete vehicle fleet with cleaner alternatives, Acceso is contributing greatly to climate change mitigation.

Green Building Boom

“An entire New York City every 34 days for the next 40 years - that’s the pace at which the world is urbanizing,” according to UN Environment. By 2030 then, green building certifications must be the new normal, as green buildings create healthier environments, reduce operational costs, and increase asset value.

Benefits of certification include:

  • the ability to measure buildings’ performance and collect data.
  • the requirement that building-related products are certified, slowly affecting the larger value chain, including resource and waste management, materials, etc.
  • lower operational costs, a higher resell value, healthier living environments and a lower environmental footprint than traditional buildings.

responsAbility has incorporated the IFC EDGE certification scheme into our Technical Assistance offering. This allows our Climate Fund’s Partner Institutions to assess the eligibility of their projects in the building and construction sector using the IFC EDGE standard. This standard means a building must be at least 20% more efficient compared to the country baseline in three categories: energy, water and embodied energy in materials.

Staying Cool in Record Heat

Demand for cooling will triple by 2050. With this in mind, we have partnered with the Basel Agency for Sustainable Energy (BASE) in order to promote Cooling as a Service (CaaS). This is a pay-per-service model for clean cooling systems, which eliminates upfront investment in clean cooling technology for customers who simply pay for the amount of air conditioning they use instead of buying and maintaining the equipment. This both incentivizes efficient energy consumption and drives technological advancement.

Urban Solar Everywhere

Cleaner, cheaper and more reliable energy is crucial when envisioning a sustainable future. So over the next 10 years, portfolio companies in our energy access fund will provide clean power to more than 150 million people, add 2,000 MW of clean energy generation capacity and reduce CO2 emissions by 6 m tonnes. One such portfolio company is Fourth Partner Energy, who seeks to balance India's energy security, affordability and sustainability. Founded in 2010, they have grown to become one of India's largest companies in the commercial and industrial (C&I) solar sector, having set up over 2000 installations across 23 states.

  • Is the year china

    Is the year china

    has committed to carbon neutrality. This will require reducing and offsetting more than 300m tonnes of CO2/year from space cooling.
  • Of global energy

    Of global energy

    is consumed by cities, and by 2030, cities will house 60% of the global population
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