Banking on Asia – Alignment with the Paris Agreement at Six Development Finance Institutions in Asia
The Asia-Pacific region is at the centre of megatrends reshaping the global economy. The states of the region face critical choices on investments to meet the demands of young and rapidly urbanising populations, and how to address the scourge of air pollution and climate change. In this article for the
E3G climate change think tank, Sonia Dunlop, James Hawkins, Kate Levick
et al find that none of the six key development finance institutions in Asia are fully aligned with the
Paris Agreement across all ten indicators. Assessing progress in climate action, including mitigation and adaptation, climate risk, and greenhouse gas accounting, the authors reveal the region’s slow alignment of its financial flows with the goals of the Paris Agreement.
https://www.e3g.org/docs/E3G_Banking_on_Asia_Paris_Alignment_Six_Asian_Development_Banks.pdf
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