How Development Finance Institutions Can Accelerate Green Finance

In today’s dynamic economic climate, finding responsible investment opportunities requires constant navigation. Fortunately, one need not go further than the web for the starting point. This article peeps into the current landscape, highlighting exciting opportunities. Although triggered by a read through European Investment Bank’s (EIB) information on 2024 intended sustainable investments, the article is not about EIB but the good it does that can be emulated.

Waves of Opportunity

Many sectors present themselves as legitimate candidates for sustainable finance, and only three small ones are given as examples here:

  1. Tech Titans: The digital revolution continues, offering vast potential in areas like artificial intelligence, cybersecurity, and cloud computing. Investing in companies at the forefront of these innovations can be highly rewarding, and DFIs can genuinely green such investments
  2. Healthcare Horizon: The global healthcare industry is expected to see sustained growth, fuelled by aging populations and advancements in medical technology. Companies developing pharmaceuticals, cutting-edge diagnostics, other precision medical equipment and healthcare IT solutions present promising opportunities for green or greenable financing.
  3. Infrastructure Renewal: Decades of underinvestment have left critical infrastructure in need of modernization. Governments and private entities are pouring resources into upgrading transportation networks, energy grids, and renewable energy infrastructure. Opportunities abound for green-financing to companies involved in construction, materials, and engineering. Using appropriate green finance taxonomy as a guide, such investments can all be made green for the good of our planet.

Mild views on “greening” finance – the case of EIB’s 2024 Green Engine

EIB’s publicly available information is used here as an example. Not that we are an authority on what it does but that we look at its focus as good. Just reading their information online, EIB, plays a crucial role in financing projects that align with EU priorities including environmental and social sustainability. The focus is laser-sharp:

Climate Action: Aiming to dedicate a sizeable portion of its investments to climate action, driving projects in renewable energy, energy efficiency, and sustainable transport. This creates fertile ground for green technology companies and clean energy developers.

Innovation Backbone: Commitment to boosting Europe’s innovative capacity, prioritizing investments in research and development, digitalization, and skills development. This opens doors for startups and companies at the cutting edge of various industries.

Economic Resilience: Building a more resilient and inclusive economy. This translates into increased support for small and medium-sized enterprises (SMEs), social infrastructure projects, and regional development initiatives.

What a way to entrench sustainability into business and development!


The global, regional and national investment landscapes offer a wealth of opportunities for green financing across various sectors, and development finance institutions are very well placed to capture and harness them.


Keren Obara.

Digital Marketing Associate. FCL.