Multilateral Banks and the Role They Play in Climate Change Reduction – BRINK – News and Insights on Global Risk

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There is growing pressure on multilateral development banks (MDB), such as the World Bank and the Asian and African Development Banks, to make greener investments in the developing world and align with the targets set by the Paris Agreement on climate change. 

Mark Plant is the director of the Sustainable Development Finance Program at the Center for Global Development (CGD) and the chief operating officer of CGD Europe based in London. He says that they are starting to make this a priority.

PLANT: These multilateral banks have set targets for how much of their portfolios should have a positive climate impact. Most of them are…

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