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

The document updates the climate tools and policies of several Multilateral Development Banks (MDBs) as of October 2021. Key updates include the African Development Bank's (AfDB) commitment to no longer finance coal projects and the Inter-American Development Bank's (IDB) use of industry benchmarks for high-emitting sectors. It also notes that the Asian Development Bank (ADB) planned to review its coal financing policies in 2021 and details specific exceptions to natural gas exclusion lists, such as projects meeting a 250g CO2e/kWhe emissions standard.

• The African Development Bank (AfDB) does not have a formal exclusionary policy for coal, but it has not invested in new coal projects since 2015, and the bank's president confirmed in 2019 that the institution would stop financing coal 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 its Energy Policy Review.
• Exceptions to natural gas exclusion lists include gas-fired power plants that meet an emissions standard of 250g CO2e/kWhe over their lifetime, projects co-financed with the EU budget via the 4th list of Projects of Common Interest, gas network projects for low carbon gases, and efficient gas-fired boilers for SMEs or buildings aligned with the EU Eco-Design Directive.
• The African Development Bank (AfDB) is implementing a Climate Change and Green Growth Framework that includes a short-term action plan, a long-term strategy, and a specific date for achieving Paris alignment.

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} }