Global development banks release joint principles towards Paris alignment

Ten multilateral development banks (MDBs) have identified the financing activities most closely aligned with achieving the intent of the Paris Agreement while also defining financing coal- and peat-related activities as not aligned.

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Read more: Paris AgreementAsian Development BankMargarita PirovskaAfrican Development BankAsian Infrastructure Investment BankCouncil of Europe Development BankEuropean Bank for ReconstructionEuropean Investment BankInter-American Development Bank GroupIslamic Development BankKunming-Montreal Global Biodiversity FrameworkNew Development BankWorld Bank Group