Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement

The document advocates for a shift in how Multilateral Development Banks (MDBs) approach climate action, moving beyond simply maximizing climate finance volumes to ensuring their entire investment portfolios align with the Paris Agreement. It emphasizes the need for MDBs to stop supporting CO2-emitting energy sources, mainstream climate risks for a world 3-4°C warmer, and support the strengthening of Nationally Determined Contributions (NDCs).

• MDBs must transition from a 'Climate Finance Paradigm'—which focuses on tracking and maximizing climate finance volumes—to a 'Paris Alignment Paradigm' that ensures all portfolios and pipelines are consistent with the Paris Agreement.
• To support mitigation and achieve net zero CO2 emissions by mid-century, MDBs must rapidly cease providing support for energy sources that produce CO2 emissions.
• Regarding adaptation, MDBs should move from high-level screening to the thorough mainstreaming of climate risks, specifically planning for a scenario where the world is 3-4°C warmer.

APA

World Resources Institute (n.d.). Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement. https://www.wri.org/research/toward-paris-alignment

Chicago

World Resources Institute. Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement. n.d. https://www.wri.org/research/toward-paris-alignment.

Wikipedia

{{cite report |author=World Resources Institute |title=Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement |url=https://www.wri.org/research/toward-paris-alignment |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendtoward, author = {{World Resources Institute}}, title = {{Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/toward-paris-alignment}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }