Updates to Towards Paris Alignment (2018): Following Up on MDB Climate Tools in 2021

This document provides updates as of October 29, 2021, to the 2018 'Towards Paris Alignment' report, focusing on the climate tools and policies of Multilateral Development Banks (MDBs). It details specific institutional approaches to carbon emissions mitigation, shadow carbon pricing, and climate finance targets, noting responses from the AfDB, WBG, IDB, and EBRD.

• The African Development Bank (AfDB) does not have a formal exclusionary policy for coal financing, but it has not invested in new coal projects since 2015, and the bank's president stated in 2019 that the institution would no longer finance such projects.
• The Inter-American Development Bank (IDB) utilizes industry benchmarks for high-emitting sectors, including cement and chemical plants; if a plant's GHG emission intensity is significantly higher than these benchmarks, the IDB requires a close scrutiny of reduction options during the engineering review.
• The Asian Development Bank (ADB) scheduled a review of its coal financing policies for 2021 as part of the ADB Energy Policy Review.
• The European Investment Bank (EIB) allows exceptions to its natural gas exclusion list for projects co-financed with the EU budget via the 4th list of Projects of Common Interest, gas-fired power plants meeting a lifetime emissions standard of 250g CO2e/kWhe, gas network projects for low carbon gases, and efficient gas-fired boilers for SMEs or buildings aligned with the EU Eco-Design Directive.
• Regarding climate finance targets, the AfDB is implementing a Climate Change and Green Growth Framework that includes a short-term action plan, a long-term strategy, and a commitment date for Paris alignment. The EBRD does not maintain separate climate action targets but expects most of its finance to be classified as climate finance under the joint MDB approach.

APA

World Resources Institute (2021). Updates to Towards Paris Alignment (2018): Following Up on MDB Climate Tools in 2021. https://www.wri.org/data/updates-towards-paris-alignment-2018-following-mdb-climate-tools-2021

Chicago

World Resources Institute. Updates to Towards Paris Alignment (2018): Following Up on MDB Climate Tools in 2021. 2021. https://www.wri.org/data/updates-towards-paris-alignment-2018-following-mdb-climate-tools-2021.

Wikipedia

{{cite report |author=World Resources Institute |title=Updates to Towards Paris Alignment (2018): Following Up on MDB Climate Tools in 2021 |date=29 October 2021 |url=https://www.wri.org/data/updates-towards-paris-alignment-2018-following-mdb-climate-tools-2021 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2021updates, author = {{World Resources Institute}}, title = {{Updates to Towards Paris Alignment (2018): Following Up on MDB Climate Tools in 2021}}, institution = {World Resources Institute}, year = {2021}, month = oct, url = {https://www.wri.org/data/updates-towards-paris-alignment-2018-following-mdb-climate-tools-2021}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }