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 publication seeks to inform practitioners on how to more effectively deploy resources towards private sector climate adaptation projects in the developing world. The report examines the evidence base on efforts to support private sector investment in climate adaptation. Analysis shows that multilateral development banks (MDBs) and the Pilot Program …
Climate finance totaling $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors. The latest MDB climate finance figures are detailed in the 2015 …
The global climate finance landscape has changed significantly since the establishment of the Climate Investment Funds (CIF) in 2008. New institutions have come to the fore, countries’ economic circumstances and investment needs have evolved, and climate-related risks have become clearer. Given this evolved landscape, and in light of the request …
Given their convening power, technical expertise and their ability to mitigate risks, multilateral and national development banks are particularly well placed to coordinate these activities, globally, and at the regional and country levels. This paper focuses on strategies to facilitate increased investment in clean energy – in particular, in low-carbon …
About US$90 trillion in infrastructure investment is needed globally by 2030 to achieve global growth expectations, particularly in developing countries. To achieve this, infrastructure investment needs to be both scaled up, and, due to climate risk, integrate climate objectives. Infrastructure investment has become a core focus of international economic cooperation …
Developed countries committed to mobilise jointly USD 100 billion a year in climate finance by 2020 for climate action in developing countries. Five years after the initial commitment was made at COP15 in Copenhagen in 2009 and six years ahead of the target date of 2020, this report provides a …
There is a widening gap in the Asia and Pacific region between the amount of climate finance directed towards adaptation and mitigation of climate change, and the amount of finance necessary to address these and sustainable development issues. Despite concerted efforts at the international level, climate finance mobilized by international …
A new report from the six large multilateral development banks (MDBs) breaks down their combined climate finance commitments in 2014, looking at mitigation, adaptation and regional investments. Over the four years since they began joint reporting, the MDBs have provided over $100 billion in climate finance. As understanding of the …
International financial institutions and governments worldwide are pouring billions of dollars into building new and existing coal-fired power plants and expanding coal mining activities that worsen dangerous carbon pollution, according to a new report that calls for an end to all international coal financing, except in very rare circumstances. The …
At Copenhagen in 2009, developed country Parties to the United Nations Framework Convention on Climate Change (UNFCCC) committed to a goal of mobilizing jointly $100 billion a year by 2020 from public and private sources to support climate action in developing countries. More than five years later, the sources, instruments, …
International efforts to tackle climate change are at a critical juncture. At the end of 2015 governments will gather at the Paris climate summit to frame a new international agreement aimed at preventing ‘dangerous climate change’. Achieving that goal requires a high level of ambition backed by practical policy commitments. …
This is the third annual joint report on Climate Finance in developing and emerging countries by a group of Multilateral Development Banks (MDBs) comprising the AfDB, ADB, EBRD, EIB, IDB and WBG - IFC & WB. The international community recognises the need to join forces to avert dangerous climate change. …
The electricity sector lies at the nexus of two urgent global imperatives: powering economic activities and livelihoods and reducing greenhouse gas (GHG) emissions from the use of fossil fuels. The international community is looking to multilateral development banks (MDBs) to help developing countries balance these sometimes conflicting imperatives. Historically, developing …
