Environment

Development banks adopt climate mitigation finance tracking

Photo: World bank

Published

March 31, 2015

Country

Comments

comments icon

0

Share

Published:

March 31, 2015

Country:

Comments:

comments icon

0

Share

Several national and international development banks adopted common norms for tracking projects for the mitigation of climate change effects. Similar principles for tracking adaptation finance and leverage are being developed.

The document was published on the Paris Climate Finance Forum.

These institutions have been tracking climate finance for only a few years, and their methods have varied, making global public finance numbers difficult to compare. Some methods left out segments; others led to double counting of resources, the World Bank said.

The principles were developed by the joint group of multilateral development banks (MDBs), including European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), International Finance Corporation and the World Bank, and the International Development Finance Club (IDFC), including KfW Bankengruppe, Croatian Bank for Reconstruction and Development, Industrial Development Bank of Turkey and the Black Sea Trade and Development Bank.

Related Articles

Vucic EU designate lithium project Jadar Serbia strategic activists appeal

Serbia’s Vučić claims EU to designate lithium project Jadar as strategic – activists vow to appeal

26 March 2025 - Project Jadar will be labeled strategic in the EU, according to President Vučić. Activists say they would dispute such a status as well as the already designated mining proposals.

EU selects first group of strategic projects for raw materials

EU selects first group of strategic projects for raw materials

25 March 2025 - The European Commission adopted a list of strategic projects for raw materials. They are eligible for administrative support and financing.

US court rules Greenpeace pay over USD 660 million oil pipeline operator

US court rules Greenpeace must pay over USD 660 million to oil pipeline operator

21 March 2025 - A North Dakota state court found Greenpeace liable for more than USD 660 million in damages to Energy Transfer, which controls the Dakota Access Pipeline

serbia kragujevac citroen eC3 stellantis

Another electric vehicle to be produced in Serbia – Citroën e-C3

21 March 2025 - In July last year, automotive giant Stellantis launched trial production of the electric Fiat Grande Panda in Kragujevac