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 Serbia wants Azerbaijan participate major gas power project

Vučić: Serbia wants Azerbaijan to participate in major gas power project

13 November 2024 - Serbian President Aleksandar Vučić said the government is starting talks with Azerbaijan to build a 1 GW gas power plant or two smaller ones

Landmark deal reached at COP29 on global carbon market

Landmark deal reached at COP29 on global carbon market

12 November 2024 - Countries participating in COP29 reached a consensus on standards for the creation of carbon credits in line with the 2015 Paris Agreement

Sandra Dokic emission permits for greenhouse gases

Dokić: Emission permits are the first step in systemic emissions reduction

12 November 2024 - The monitoring, reporting, and verification system for greenhouse gases will enable the government to plan and implement measures to reduce emissions

The European Union has adopted stricter rules for the treatment of wastewater

EU introduces stricter wastewater treatment rules

11 November 2024 - The EU has amended the Urban Waste Water Treatment Directive, extending coverage to smaller settlements, more pollution sources and micropollutants