国际商会国际仲裁院：2025年如何为应对气候变化提供资金-通过审慎的监管和改革，加强新兴市场和发展中经济体的气候融资报告（英文版）

Project finance is central to climate and infrastructure investment in EMDEs, yet the Basel Framework assigns conservative risk weights to this form of financing: • Standardised approach: Risk weights for project finance are set at 130% in pre-operational phases and 100% during operation – compared to 100% for unrated corporates. Even highquality projects (with cash flows, reserves and credit protections) face stringent criteria for an 80% risk weight. This is despite data from Moody’s4 and t