This report assesses the level of Paris Agreement alignment within the Asian Development Bank, Asian Infrastructure Investment Bank, China Development Bank, Japan International Cooperation Agency, Korea Development Bank and the World Bank. It uses 10 indicators or metrics to assess progress on the various facets of climate action, including mitigation and adaptation, climate risk, greenhouse gas accounting and others.
In addition, the report provides a ‘basket of tools’ from which each development bank can choose the tool that is right for them and represents the best fit with their mandate and modus operandi.
The analysis of the six Asian banks shows a mixed picture, with no one bank fully Paris aligned across all ten indicators. All banks have areas where they need to accelerate progress. This report provides both bank-by-bank summaries of performance on the various metrics, as well as topic-by-topic chapters that contain detailed analysis on the various indicators.