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 …
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.
This publication discusses the engagements and initiatives of multilateral development banks (MDBs) and the private sector to attain the 2030 Sustainable Development Goals (SDGs). MDBs play a critical role in supporting efforts to translate the SDGs into meaningful country-level targets, policies, programs, and projects needed to achieve them. They provide …
Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of $43.1 billion in 2018, boosting projects that help developing countries cut emissions and address climate risks. This represents an increase of more than 22 percent from the previous …
Several multilateral development banks use shadow carbon pricing to help decide which transactions to make. This briefing considers some best practices and limitations in the application of shadow carbon prices. It explores how the MDBs might better align their shadow carbon pricing approach with the objectives of the Paris Agreement …
New research from the Institute for Energy Economics and Financial Analysis (IEEFA) reveals that over 100 major global financial institutions have introduced policies restricting coal funding. The report, Over 100 Global Financial Institutions Are Exiting Coal, With More to Come, finds global capital is fleeing the coal sector at an …
This report is a synthesis of evidence gathered on transformational change within the Climate Investment Funds (CIF). It complements a parallel evaluation on transformational change in the countries where CIF operates. It is distinguished from the evaluation by a focus on the secondary literature, produced both within and outside CIF. …
To contribute to the fight against climate change, the MDBs have to date largely operated under what we refer to as a Climate Finance Paradigm. That paradigm involves defining, tracking, and maximizing the amount of climate finance that MDBs provide and mobilize. Climate finance has been important to moving toward …
Key messages Multi-lateral development banks (MDBs) have committed to financing climate change mitigation in agriculture and have adopted a harmonized methodology for attributing and reporting climate finance; however, design (including practice selection) and measurement of project impacts remains ad hoc. Decision-support tools such as “practice lists” help users identify and …
This working paper assesses how Multilateral Development Banks can support the global temperature goal of the Paris Agreement. It illustrates how the banks could strengthen existing tools to align their portfolios and activities with the globally agreed mitigation goal. Other finance institutions can also profit from many of the approaches …
Over half of the world’s least developed and lowest income countries are currently exploring for oil and gas or hoping to expand existing production. This paper discusses how tightening climate policies and shifting energy investment trends suggest that the time frame for profitable oil and gas production will be limited, …
Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year. The MDBs’ latest joint report on climate financing said $27.9 billion, or 79 per cent of the 2017 total, was devoted …
A report by E3G assessing progress of six Multilateral Development Banks (MDBs) in aligning their financial flows with the Paris Agreement on climate change. The assessment scores and ranks their progress across sixteen criteria within four thematic areas: governance, strategy, risk and operational management, and transformational initiatives.
The world’s six largest multilateral development banks (MDBs) continued to make a strong contribution to the global climate challenge in 2016, increasing their climate financing in developing countries and emerging economies last year to $27.4 billion from $25 billion in 2015. Of this total, $21.2 billion or 77% was dedicated …
This guidance note aims to assist countries with determining how to secure the financing for their National Adaptation Plan (NAP) processes. Financing is needed throughout the entire NAP process to enable its potential to be reached—from its initiation to the implementation, monitoring and evaluation of prioritized adaptation actions. This guidance …
Renewable energy will form a core thrust of India’s INDCs, and also of the India specific country strategies of the World Bank and the Asian Development Bank. Speaking with the Department of Economic Affairs, Ministry of Finance, India, the author was informed of significant scale-up in the activities of both …
The best available science shows an urgent need to keep global temperature increases below 1.5°C to avoid severe disruptions to people and ecosystems. Recent analysis shows that burning the reserves in already operating oil and gas fields alone, even if coal mining is completely phased out, would take the world …
The Stop Coal Financing Report calls on the Asian Development Bank to cease all support for new coal projects, and to hasten the transition to sustainable renewable energy across Asia. Climate change poses extreme risks to the Asia Pacific region that will endanger the lives and livelihoods of low income …
In 2013 countries agreed to establish the Warsaw International Mechanism for Loss and Damage (WIM) and agreed that it would do three things: a) enhance knowledge; b) strengthen dialogue and coordination and c) enhance action and support, including finance for loss and damage. This third element of its mandate has …
Multilateral climate funds play a key role in using public finance to help drive the economic and societal transformation necessary to address climate change. There is growing pressure for policymakers to make the architecture of funds more effective and coherent. This report examines seven key multilateral climate funds and recommends …
A new guide provides insights on how to access public and private climate finance resources. In the research paper for Mitigation Momentum, Ecofys has investigated the landscape of multilateral climate finance for Nationally Appropriate Mitigation Actions (NAMAs). The paper seeks to enlighten government representatives and project developers on the available …
