Blogpost | 06 December 2018

Four Ways Development Banks Can Support the Paris Agreement

Blogpost

Multilateral Development Banks (MDBs) can play a critical role in limiting climate change and helping communities adapt to its impacts. Since 2011, they have provided nearly $200 billion in finance for climate change mitigation and adaptation (so-called “climate finance”). The World Bank Group’s recent announcement that it will increase its climate-related investments means this number is likely to grow. But while climate finance is important, it makes up less than a quarter of all finance provided by the MDBs. The rest goes to activities that may (or may not) undermine climate goals.

Toward Paris Alignment

06.12.2018
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How the Multilateral Development Banks Can Better Support the Paris Agreement

The world’s climate goals can only be reached with enough high quality financial support. Multilateral development banks (MDBs) have to play a vital role in efforts to shift global finance flows towards a sustainable future.
The report aims to support the ongoing efforts by MDBs to achieve alignment between their activities and the global climate goals and to help shareholders and stakeholders to screen projects and strategies for Paris alignment. It can also serve as a discussion basis for the efforts of other financial institutions to align their financial flows.

Press Release | 04 December 2018

Climate Risk Index shows increased impacts of tropical cyclones

Pressemitteilung
2017 year with highest weather-related losses ever recorded / Increased intensity of storms takes a toll particularly on poor countries / Puerto Rico, Sri Lanka and Dominica hardest hit in 2017 / In the past 20 years over 525,000 people have been killed by more than 11,500 extreme weather events that caused trillions US$ in damages

Tropical cyclones have heavy impacts on an increasing number of countries. In 2017, the hurricane season in the Caribbean Sea was particularly strong and left several islands destroyed. Furthermore there are some developing countries that have difficulties to recover as they are regularly hit by weather catastrophes. Especially poorer countries like Sri Lanka, Nepal or Vietnam are facing great challenges. All in all, in 2017 11.500 people died because of extreme weather events. Economic damages amounted to approximately US$ 375 billion (calculated in purchasing-power parity, PPP). So it was the year with the highest weather-related losses ever recorded.

CFAS Climate Finance Guide: COP24 Katowice

29.11.2018
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This CFAS Climate Finance Guide provides negotiators and observers with an overview of the key issues related to climate finance that will be discussed at the 24th Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), to be held from 3 to 15 December 2018 in Katowice, Poland.