The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
Cross-border guarantees are an important but underused tool for mobilizing private climate finance. A recent OECD evaluation found that guarantees leveraged 26% of all mobilized private finance between 2018-2020 and were among the preferred risk mitigation tools of private investors. Studies suggest that larger and more effective credit guarantee facilities …
The energy transition will require a major scale-up in the deployment of renewable energy with both public and private finance playing critical roles. Aligning with the Paris Agreement targets needs tripling of total renewable energy capacity in Emerging Markets and Developing Countries (EMDC) by 2030, significantly augmenting financing flows towards …
The 2022 Joint Report on Multilateral Development Banks Climate Finance provides a comprehensive overview of climate finance commitments by MDBs. The report analyses climate finance provided in high-income economies, low and middle-income economies, and least developed countries. It highlights the importance of private sector involvement in climate finance and the …
This report intends to explain how a just transition can be accomplished in Africa. It provides the necessary regional environment for readers to recognise these specific challenges and opportunities. It also highlights what the African Development Bank (AfDB) is doing to push for development in Africa and just for transition. …
This paper discusses various ways through which Multinational Development Banks (MDBs) can mobilize private capital. The paper provides insights into innovative de-risking mechanisms and structures, to catalyze private finance for climate investments. To understand how MDBs can become 'mobilizers', it teases out the specific features from these mechanisms that could …
Dialogues on climate issues, including the various multilateral agreements, have largely been driven by traditional state-to-state diplomacy. Nevertheless, over the years, new diplomatic players, such as cities, public institutions, and other subnational entities, are gaining significant importance in climate diplomacy, and have brought forward ambitious commitments. Still, the United Nations …
This publication aims to cover a wide range of issues and opportunities for harnessing greater flows of private capital for climate action. Given the state of the climate emergency, there can no longer be excuses for not utilising every instrument available to facilitate greater financial flows. While the developed world …
This publication aims to cover a wide range of issues and opportunities for harnessing greater flows of private capital for climate action. Given the state of the climate emergency, there can no longer be excuses for not utilising every instrument available to facilitate greater financial flows. While the developed world …
Multilateral development banks (MDBs) are expected to play a critical role in closing the gap between the volume of finance needed by developing countries to prepare for climate change and the amount of funding they currently have available. They have committed to increasing their financing for climate adaptation as well …
Development finance institutions have a crucial role to help bring about the needed shift in global food systems and the land sector more specifically. They can support the implementation of more sustainable agricultural practices, the identification and mitigation of climate risks along the value chain of their clients (for example …
Humanity is at a crossroads - a moment of great risk and great opportunity. One path leads to attractive growth and development; the other to great difficulties and destruction. As shown by each successive report from the Intergovernmental Panel on Climate Change, climate change is occurring at a faster pace …
Communities in sub-Saharan Africa (SSA) are predicted to experience some of the most intense impacts from climate change that will severely impact lives and livelihoods, economic growth, and human and environmental health. Nature-based solutions (NBS) can play a vital role in building community resilience and mitigating the impacts of climate …
Various public development banks provide unearmarked loans to countries in exchange for policy and institutional reforms through what are known as “policy-based operations”. Especially in an economic crisis, such as during the COVID-19 pandemic, policy-based operations make up a significant proportion of all lending for several development banks. Despite their …
Climate finance committed by major multilateral development banks (MDBs) rose by more than 24% last year compared to 2020, according to this 2021 Joint Report on Multilateral Development Banks’ Climate Finance. The 2021 total financing by MDBs already surpassed the 2025 climate finance goals set at the 2019 United Nations …
The Common Principles for Climate Mitigation Finance Tracking consist of a set of definitions and guidelines and a list of eligible activities that allow for consistent accounting and reporting of financial flows for climate change mitigation finance. The Common Principles have been developed by the Joint Climate Finance Tracking Group …
Climate finance committed by major multilateral development banks (MDBs) rose to a total of US$ 66 billion last year from US$ 61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance. Of this, 58 per cent – or US$ 38 billion – was committed …
According to the report 'Capital Flows Underpinning India's Energy Transformation' released by Institute for Energy Economics and Financial Analysis (IEEFA), India needs an Investment of USD 500 Billion to reach its target of 450 Gigawatts (GW) of Renewable Energy (RE) by 2030. With India recording an 18% year-on-year decline to …
The purpose of this report is to provide development practitioners and government officials with an understanding of the context and key design features of climate budget tagging initiatives. It is based on a review of 18 climate budgeting tagging methodologies as well as key informant interviews with practitioners during 2020. …
The first joint report on the Multilateral Development Banks contributions to the SDGs. The start of a “Decade of Action” to accelerate progress on the Sustainable Development Goals (SDGs) has coincided with the COVID‑19 pandemic, raising deep questions about prospects for achieving this ambitious agenda. This joint report showcases …
This discussion paper provides six separate memos on the building blocks of Paris alignment introduced by the Multilateral Development Banks. The memos provide suggestions on how to design different tools for a robust framework for Paris alignment.
