2016 Joint Report On Multilateral Development Banks' Climate Finance

EXECUTIVE SUMMARY

This sixth edition of the Joint Report on Multilateral Development Banks’ Climate Finance provides an overview of financing committed by the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank Group (IDBG), and the World Bank Group (WBG), to climate change mitigation and adaptation projects and activities in 2016.

The MDBs have reported jointly on climate finance since 2011, with the first edition, published in 2012, reporting figures for 2011. Collectively, the banks have committed over US$ 158 billion in climate finance during the past six years in developing countries and emerging economies. Figure 1 shows the reported climate finance commitments from 2011-16.

The data and statistics presented in this year’s report result from the uniform application of the methodologies developed by the MDBs for their portfolios. In this report, the term “MDB climate finance” refers to the financial resources (own account and MDB-managed external resources) committed by MDBs to development operations and components thereof, which deliver climate change mitigation and adaptation activities in developing and emerging economies.

Collectively, the MDBs committed US$ 27,441 million in climate finance in 2016 — US$ 21,217 million or 77 per cent of this total for mitigation finance and US$ 6,224 million or 23 per cent of this total for adaptation finance. The net total climate co-finance committed during 2016 alongside MDB resources was US$ 37,879 million. When combined with the MDB climate finance, the year’s total climate finance is US$ 65,320 million. This is the second edition of the Joint Report on MDBs’ Climate Finance to include climate co-finance.