Sitemap

IFC and ALD Partner to Scale Green Vehicle Fleets in Emerging Markets

CorD Recommends

Serbia Charts the Course to Smart Cities with Kragujevac Leading the Way

In a significant development for urban planning...

Serbia, Slovenia, and Hungary Merge Power Exchanges in Energy Pact

In a significant move to streamline and...

Over Two Thousand Seek Employment in Serbia Through Open Balkan Scheme

Serbian President Aleksandar Vučić reported that, via...

Serbia-France Innovation Forum Begins: Innovate for the Planet! Play Green!

At the Serbia-France Innovation Forum titled 'Innovate...

Novak Djokovic Wins Laureus Award for World’s Best Sportsman for Record Fifth Time

Novak Djokovic has won the Laureus award for the world's best sportsman for a record fifth time at a...

Serbia’s Gaming Industry Sees Significant Growth and Employment Surge in 2023

In 2023, Serbia's gaming industry earned more than 175 million euros, marking a 17 percent increase from 2022, and...

Galenika Strengthens Market Position with New Strategic Partnerships

Galenika has significantly expanded its presence in the pharmaceutical sector by securing an exclusive distribution agreement with Cantabria Labs,...

HDZ Claims Victory in Croatian Elections but Lacks Majority

The Croatian Democratic Union (HDZ), the country's ruling party, emerged as the winner in Wednesday's parliamentary elections. Despite their...

Milšped Group Launches Direct Rail Line Between China and Serbia

Milšped Group, a leader in regional transportation and logistics, has announced a new partnership with Shijiazhuang International Land Port...

IFC and ALD, a leading global vehicle leasing company and a subsidiary of Societe Generale, today announced a partnership to reduce carbon emissions in transport by accelerating the adoption and penetration of green vehicles in emerging markets.

The US$400 million IFC investment will help ALD grow its green fleet, a combination of hybrid, plug-in hybrid and battery electric vehicles, in seven countries –Türkiye, Mexico, India, Serbia, Romania, Bulgaria, and Croatia. The financing, which was intermediated by Societe Generale on behalf of ALD, is expected to add 15,000 green vehicles with the potential to reduce carbon emissions by 22,180 tons a year across the target countries by 2026.   

Transport is the fastest-growing contributor to climate change, already accounting for 23 percent of global energy-related greenhouse gas emissions—17 percent from road transport alone—a prime target for decarbonization. The innovation and financing of green vehicles could cut millions of tons of carbon emissions produced by the transport sector in cities across the globe every year.

Read more...

Response to War in Ukraine Key Focus Area For IFC’s New Regional Director For Europe

IFC has appointed Rana Karadsheh as Regional Director for Europe. Based in Vienna, she will play a key role in leading IFC's response to...

IFC’s Integrated Environmental, Social and Governance Program in Serbia

A Timely Opportunity For Serbian Companies To Go Sustainable

In Serbia, change is happening, with the country all set to prioritize a green path to accelerate its post-COVID-19 economic recovery. Going forward, as...

“The adoption of green vehicles is an important part of reducing carbon emissions in emerging markets.” said Makhtar Diop, IFC Managing Director. “Partnering with global players like Société Générale and ALD is an opportunity for IFC to scale financing for sustainable mobility and reflects our commitment to innovative financing models for climate solutions.”

Promoting E-mobility is one approach that IFC is focusing on to support the global transition to a low carbon economy. This is the largest single investment IFC has made in support of green vehicles.

Related Articles

Nicolas Marquier, Regional Manager for the Western Balkans at the International Finance Corporation (IFC)

Financing the Future

IFC, the largest global development institution, has provided almost $1 billion in financing to Serbia’s private sector over the past six years IFC, as a...

Nicolas Marquier, Regional Manager for the Western Balkans at the IFC

Financing the Future

IFC, the largest global development institution, has provided almost $1 billion in financing to Serbia’s private sector over the past six years IFC, as a...

Response to War in Ukraine Key Focus Area For IFC’s New Regional Director For Europe

IFC has appointed Rana Karadsheh as Regional Director for Europe. Based in Vienna, she will play a key role in leading IFC's response to...

Alfonso Garcia Mora, New IFC Vice President for Europe, Latin America, and the Caribbean

International Finance Corporation (IFC) today announced the appointment of Alfonso Garcia Mora as the new Vice President for Europe, and Latin America and the...

Cooperation With IFC On Port And Infrastructure Development

Serbian Minister of Construction, Transport and Infrastructure Tomislav Momirović, and  regional manager for central and south-east Europe of the International Finance Corporation (IFC), Ary...

IFC’s Integrated Environmental, Social and Governance Program in Serbia

A Timely Opportunity For Serbian Companies To Go Sustainable

In Serbia, change is happening, with the country all set to prioritize a green path to accelerate its post-COVID-19 economic recovery. Going forward, as...

How Emerging Europe Can Become A Bigger Automotive Player

The European automobile industry has been hard hit over the last year by a range of factors from the COVID-19 pandemic, with further clouds...

IFC Appoints New Regional Manager for Central and Southeast Europe

The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Ary Naïm as its Regional Manager for Central and Southeast...