Regional Development Bank

Guest Article #139: Building Climate Resilience through Technology Transfer and Innovation [viewed]

The recent historic agreement achieved at COP 21 in Paris resulted in unprecedented momentum for tackling climate change – including scaling up action on climate change adaptation. Climate resilience on a wide scale can only be achieved with the engagement of the private sector. While climate change affects all parts of the world, developing countries are particularly vulnerable. Technology transfer is therefore believed to be key in supporting countries to improve their resilience.

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Event: 2016 AFDB Annual Meetings [viewed]

The 2016 Annual Meetings of the African Development Bank (AfDB) will convene under the theme 'Energy and Climate Change,' which draws on one of the Bank's 'High 5' priority areas, namely to 'Light up and Power Africa,' and reflects the Bank's New Deal on Energy and decisions emanating from the recent UN Climate Change Conference in Paris in December 2015. The Bank's Annual Meetings are its largest annual event, bringing together approximately 5,000 participants, and featuring around 40 official events in addition to the Annual Meeting of the Board of Governors. The Meetings enable representatives of government, business, civil society and media to discuss the social and economic development of Africa.  

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January 2016 Climate Finance Update [viewed]

finace_climateFebruary 2016: During the month of January, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank (IDB), the World Bank and the Adaptation Fund, among others, reported on new funding approvals and other climate finance news. Multilateral Development Banks (MDBs), climate funds and the UN Environment Programme (UNEP) launched publications on, inter alia, blended climate finance, climate co-finance tracking and climate risk management.

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January 2016 Sustainable Energy Finance Update [viewed]

january2016_energyFebruary 2016: During the month of January, the African Development Bank (AfDB), Asian Development Bank (ADB), Eastern Europe Energy Efficiency and Environment Partnership (E5P), European Bank for Reconstruction and Development (EBRD), Nordic Development Fund (NDF), Nordic Environment Finance Corporation (NEFCO) and World Bank announced sustainable energy project funding and initiatives. In addition, the Inter-American Development Bank (IDB) and World Bank released reports related to financing and deploying clean energy.

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UNEP, IDB Cooperate to Support SDGs and Paris Agreement [viewed]

unep_idb20 January 2016: The UN Environment Programme (UNEP) and the Islamic Development Bank (IDB) have announced that they will cooperate on environmental conservation in support of the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change. The IDB is set to increase its financial support to the implementation of the Sustainable Development Goals (SDGs) to more than US$150 billion over the coming years.

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IGOs, Development Banks and UN Agencies React to Paris Agreement [viewed]

paris_agreementDecember 2015: Upon adoption of the Paris Agreement by the 21st session of the Conference of the Parties (COP 21) to the UNFCCC in Paris, France, a broad array of stakeholders, including UN agencies, development banks and intergovernmental organizations (IGOs), responded to the outcome reached by the 196 UNFCCC Parties. The Agreement, which will be opened for signature in April 2016, aims to strengthen the global response to climate change, hold the increase in global average temperature to well below 2°C above pre-industrial levels, and pursue efforts to limit the temperature increase to 1.5°C.

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December 2015 Sustainable Energy Finance Update [viewed]

energy2015January 2016: During the month of December, the African Development Bank (AfDB), Asian Development Bank (ADB), Caribbean Development Bank (CBD), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB) and World Bank announced sustainable energy project funding and initiatives. ADB and EIB released reports on financing and deploying clean energy.

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Event: ADB Board of Governors 49th Annual Meeting [viewed]

The annual meeting of the Asian Development Bank (ADB) aims to provide: guidance on ADB administrative, financial and operational directions; and the opportunity for member governments to interact with ADB staff, nongovernment organizations, the media and representatives of observer countries, international organizations, academia and the private sector. The annual meetings, which are held in a member country in late April or early May and include the participation of finance and economic planning ministers, senior government officials, representatives of multilateral development banks (MDBs) and investment bankers, aim to discuss challenges and explore solutions facing Asia and the Pacific.  

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Guest Article #137: Mobilising 100 Financial Institutions for Energy Efficiency [viewed]

This month's COP 21 in Paris concluded with a universal agreement to keep the global temperature rise well below 2 degrees Celsius, and to aim to further reduce it to below 1.5 degrees. To achieve this, the world needs to shift to carbon neutral economies within this century – with a downward carbon trend required well before 2050.

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December 2015 Climate Finance Update [viewed]

December 2015 Climate Finance Update21 December 2015: During the month of December, the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the World Bank, the Green Climate Fund (GCF), the Adaptation Fund and the Secretariat of the UN Framework Convention on Climate Change (UNFCCC), among others, reported on new financing pledges and other climate finance news. Multilateral Development Banks (MDBs), climate funds and UN initiatives launched studies, reports and briefs on, inter alia, climate risks and resilience, and adaptation finance. A large number of climate finance-related side events were held during the UN Paris Climate Change Conference in December 2015.

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