The CEO of KfW speaks during a panel discussion at COP 29 — Climate action

Climate action

IDFC at COP29

This year’s IDFC Annual meeting took place in the context of COP29 in Baku (Azerbaijan)

A high-level segment on climate policy after 2025 took place in the pavilion of the International Development Finance Club (IDFC). Founded in 2011, the club brings together development banks from 27 countries, most of them from emerging economies.

KfW CEO Stefan Wintels emphasised that the IDFC community is not losing sight of the Paris climate goal, even in times of upheaval. KfW wants to contribute to this and sees itself not only as a bank, but also as an advisor and enabler.

Published on KfW Stories on 19 November 2025.

The described project contributes to the following United Nationsʼ Sustainable Development Goals

Goal 17: Revitalize the global partnership for sustainable development

The 17 goals can only be achieved within the context of a strong global partnership. Governments, civil society and companies must work on implementing them together. “No one left behind” is the main principle behind Agenda 2030. The UN member states have made commitments to reach the people furthest from the goals first. However, the funds available for public development cooperation have decreased in the poorest countries over the last few years. Only five countries have kept their promise of maintaining the 0.7 per cent prescribed by the Official Development Assistance quota – that is the share of gross national income dedicated to public expenditures for development cooperation. Germany has also not yet met the Official Development Assistance quota, although it has continuously increased its expenditures in the last few years.

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All United Nations member states adopted the 2030 Agenda in 2015. At its heart is a list of 17 goals for sustainable development, known as the Sustainable Development Goals (SDGs). Our world should become a place where people are able to live in peace with each other in ways that are ecologically compatible, socially just, and economically effective.

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On our website, pictures taken, among others, by the following photographers/photo agencies are used:

Agentur photothek.net, Deutsche Messe Hannover, Andreas Arnold, Jörg Böthling, Dominik Butzmann, Carsten Costard, Susanne Esche, Charlie Fawell, Rendel Freude, Torsten George, Gaby Gerster, David Greedy, Peter Himsel, Barbara Högner, Frank Homann, Fred Hoogervorst, Steffen Jagenburg (BRANSCH EUROPE), Thomas Klewar, Studio Kohlmeier , Florian Kopp, Georg Lopata, Jürgen Lösel, Kirsten Milhahn, Rüdiger Nehmzow, Rolf Obertreis, Rubén Arnaldo Farina Ortiz, Holger Peters, Joachim Röttgers, Mika Schmidt, Bernhard Schurian, Jens Steingässer, Pietro Sutera, Uwe Tölle, Jan Zappner.

Fotolia.com: amandare, Yuri Arcurs, Kitch Bain, Ingo Bartussek, Sergio Donà, drizzd, Dmitry Ersler, eyewave, Zoltán Futó, Eric Gevaert, Fotolia XXV, Friedberg, goodluz, Dirk Hoffmann, imageteam, Christian Jung, Abdelhamid Kalai, Sergej Khakimullin, Vladimir Kolobov, krizz7, Kzenon, lumen-digital, marog-pixcells, Mindwalker, Miredi, mirpic, Nebuto, Tino Neitz, Christian Pedant, Franz Pfluegl, prognone, Gina Sanders, Henry Schmitt, spree berlin, SVLuma, Kheng Guan Toh, tom, Torbz, typomaniac, VRD, Joachim Wendler, Sreedhar Yedlapati.

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