Public Development Banks' Climate Commitments 2024

This executive summary from the Climate Policy Initiative (CPI) details the expanded tracking of climate commitments across 170 public development banks (PDBs) between 2015 and 2024. The report finds that climate ambition among these institutions is plateauing and remains insufficient to address the global climate finance gap, with fewer than half of the tracked banks pledging full alignment with the Paris Agreement.

• CPI expanded its tracking of public development banks (PDBs) to include 170 institutions for the 2015-24 period, representing over 95% of the global total for PDB assets, which amount to USD 21.8 trillion. This expansion added 100 institutions to the previous sample of 70, specifically targeting small-to-medium PDBs in emerging markets and developing economies (EMDEs).
• Climate ambition among the tracked PDBs is plateauing, and the rate of new climate commitments is declining. This trend occurs despite a requirement for global climate finance flows to increase sixfold by 2030 compared to 2022 levels to meet global needs.
• Less than half of the tracked institutions (70 out of 170) have committed to fully aligning their operations with the Paris Agreement. Between 2016 and 2022, a polarization occurred where PDBs either established comprehensive commitments or very limited ones, with little middle ground.

APA

Climate Policy Initiative (2024). Public Development Banks' Climate Commitments 2024. https://www.climatepolicyinitiative.org/publication/public-development-banks-climate-commitments-2024/

Chicago

Climate Policy Initiative. Public Development Banks' Climate Commitments 2024. 2024. https://www.climatepolicyinitiative.org/publication/public-development-banks-climate-commitments-2024/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Public Development Banks' Climate Commitments 2024 |date=18 December 2024 |url=https://www.climatepolicyinitiative.org/publication/public-development-banks-climate-commitments-2024/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2024public, author = {{Climate Policy Initiative}}, title = {{Public Development Banks' Climate Commitments 2024}}, institution = {Climate Policy Initiative}, year = {2024}, month = dec, url = {https://www.climatepolicyinitiative.org/publication/public-development-banks-climate-commitments-2024/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }