Environment

Development banks adopt climate mitigation finance tracking

Photo: World bank

Published

March 31, 2015

Country

Comments

0

Share

Published:

March 31, 2015

Country:

Comments:

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

lopare lithium petition protest ban

Lopare municipality demands from Republic of Srpska to reject lithium project

23 February 2024 - Head of the Municipality of Lopare Rado Savić has submitted a petition to the National Assembly of the Republic of Srpska

sarajevo urban mobility MOBILITIES for eu project

Sarajevo to develop green mobility as part of group of European cities

22 February 2024 - Together with Madrid, Dresden, Ioannina, Trenčín, Espoo and Gdańsk, the capital of BiH strives to reduce pollution and improve citizens' health

Djedovic Dedovic Serbia billions under our feet strategic minerals

Serbia’s Đedović: We have billions under our feet in strategic minerals

22 February 2024 - Strategic minerals must be used in the best interest of the economy, according to Serbia's Minister of Mining and Energy Dubravka Đedović

serbia necp pks ldk energy planning

Pivotal project aiming to reshape energy landscape in Serbia was finalized successfully

15 February 2024 - The IPA financed project "Further Development of Energy Planning Capacities" has served as an example of collaboration among all the energy sector stakeholders in the country for methodological strategic planning