In 2021, IDFC members (20/27) reported a record high of $224 billion in total green finance commitments, a 20% increase from 2020 . Cumulatively, green finance commitments by IDFC members surpassed $1.2 trillion since the Paris Agreement was signed in 2015. This is the result of IDFC members’ unique ability to deliver green finance at scale. Mitigation finance reached the highest level to date ($186,6 billion), increasing by 27% over 2020 and returning to a level not seen since 2017. Adaptation finance ($20.9 billion) fell by 24%, following a record high in 2020 ($27.5 billion): This is likely due, at least in part, to higher commitments in 2020 as an emergency response to the Covid-19 pandemic considered as adaptation in 2020. Overall, however, 13 institutions increased their green commitments in 2021, returning to, or even surpassing, pre-pandemic levels. Indeed, 2021 saw a step-up in biodiversity finance, up 28.5% on 2020 to $18,4 billion, a development that is also aligned with the Club’s ambition to significantly scale-up biodiversity finance as part of the $1.3 trillion target.