1/ Just out is our yearly review of #climatefinance from multilateral development banks (MDBs). Under the usual title "The Good, the Bad, and the Urgent," here are some of our main takeaways:
@WRIFinance https://www.wri.org/blog/2020/08/mdbs-climate-finance-insights-2019

2/ The MDBs changed how they report their climate $. Now they use World Bank country groups based on income. With a little extra work, we concluded that MDB climate $ to UNFCCC-defined "developing" countries was up in 2019 by 7.7%, to just under $47 billion. A pretty good year.

3/ Importantly, most of the banks exceeded or came very close to meeting their 2020 climate finance targets.

4/ Another piece of good news: #adaptation finance was up. Adaptation $ for low- and middle-income countries reached $14bn, or 23% of all 2019 MDB climate finance. Also, AfDB became the first of the banks to allocate over half of its climate finance to adaptation.

5/ But a reality check for those dreaming of huge leverage ratios when it comes to private finance: Most MDBs mobilized well under $1 from the private sector for every $1 of MDB climate finance.

6/ For the first time, the Asian Infrastructure Investment Bank (AIIB) reported its climate finance along with its MDB peers using the banks' joint methodology. This is an important step toward greater transparency from the Beijing-based bank.