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Toward Paris Alignment: How the Multilateral Development Banks Can Better Support the Paris Agreement
The report advocates for Multilateral Development Banks (MDBs) to move from a "Climate Finance Paradigm" to a "Paris Alignment Paradigm," ensuring all investments—not just designated climate finance—align with the Paris Agreement. Key recommendations include achieving net zero CO2 emissions by mid-century by stopping support for CO2-emitting energy sources, mainstreaming climate risks for a world 3-4°C warmer, and increasing transparency and support for Nationally Determined Contributions (NDCs).
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Document type: Report
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