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BRIEF

Tracking Climate Co-Finance: Approach Proposed by MDBs

January 14, 2016

A number of the world’s largest multilateral development banks (MDBs) – the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), and World Bank and International Finance Corporation of the World Bank Group (WBG) – have jointly reported their investments in climate change adaptation and mitigation projects on an annual basis since 2011. This work has helped to improve transparency and understanding of the MDBs’ own and external resources when it comes to climate finance, and facilitated increased commitments to climate change adaptation and mitigation financing.

This briefing document – released on December 4, 2015 during Paris COP21 – seeks to expand this climate finance tracking to also estimate financial resources invested alongside MDBs by external parties.  The purpose of this briefing document is to define a common tracking and reporting practice for MDBs that a) defines a common approach on how to report on climate co-financing flows that are invested alongside MDB climate finance projects; and b) harmonizes definitions and indicators for climate co-financing.