Search Climate Insights Directory

The 2025 Policy Bulletin: Climate Finance for Development, published by the Climate Policy Initiative and partners, provides actionable recommendations for Public Development Banks (PDBs) to accelerate low-emissions and climate-resilient development. It focuses on operationalizing Paris alignment, enhancing public-public collaborations, mobilizing private finance, and supporting just energy transitions in emerging markets and developing economies (EMDEs).

This report by the Climate Policy Initiative (CPI) and the Institute for Climate Economics (I4CE) examines how public development banks (PDBs) can align their operations with the Paris Agreement. It distinguishes between 'project-level alignment,' which focuses on consistency with national low-emission climate-resilient development pathways, and the 'portfolio-level net-zero' approach common in the private sector. The document evaluates 11 operational benchmarks—such as inclusion/exclusion lists and scenario modeling—and provides recommendations for PDBs to integrate these tools to maximize climate impact while maintaining their development mandates.

The Climate Policy Initiative (CPI) updated its tracking of climate commitments for the 70 largest public financial institutions (PFIs) in 2023, finding minimal progress in the adoption of net zero or Paris alignment targets since 2022.

This report by the Climate Policy Initiative (CPI) updates the tracking of climate commitments for the 70 largest public financial institutions (PFIs) for 2023 and analyzes the climate strategies of 49 smaller PFIs in emerging markets and developing economies (EMDEs). The findings indicate minimal progress among large PFIs, while smaller institutions often demonstrate higher ambition when supported by their national governments.

This report provides a comprehensive framework and actionable recommendations for members of the International Development Finance Club (IDFC)—a group of 24 national and regional development banks—to align their strategies and operations with the goals of the Paris Agreement. It emphasizes that alignment requires moving beyond incremental climate finance to a systemic transformation of financial flows, ensuring all activities are consistent with low-GHG, climate-resilient development pathways.