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Raising the Game on Paris Alignment

The project “Alignment of Development Finance with the Paris Agreement” funded by BMZ and implemented by Germanwatch, NewClimate Institute, and the World Resources Institute aims to support the Multilateral Development Banks (MDBs) and other development finance providers in translating the Paris Agreement to their operations.

Key points

The MDBs have jointly committed to support the Agreement through aligning their activities, along six “building blocks” that cover the following areas:

  1. Alignment with mitigation goals
  2. Adaptation and climate-resilient operations
  3. Accelerated contribution to the transition through climate finance
  4. Engagement and policy development support
  5. Reporting
  6. Align internal activities

With this publication, the project consortium has elaborated inputs to each of the building blocks, in order to provide recommendations for an ambitious, robust yet practical implementation of the Paris Agreement. At COP25, the multilateral development banks (MDBs) have presented a framework to align their financial flows with the objectives of the Paris Agreement. They will road test their approach, starting in 2020 and refine criteria for the Paris Alignment over time. The discussion papers give concrete principles and recommendations that should be taken into account.