This page is part of the E3G Public Bank Climate Tracker Matrix, our tool to help you assess the Paris alignment of public banks, MDBs and DFIs.
| Paris alignment | Reasoning |
|---|---|
| Unaligned | Few energy efficiency standards in key sectors |
| Overarching energy efficiency first strategy/principle |
|---|
| No overarching energy efficiency first principle |
| Transport energy efficiency | Building energy efficiency | Financial intermediary energy efficiency |
|---|---|---|
| No prioritization process equivalent to Avoid-Shift-Improve framework | No standards included (see here and here) | AfDB does not require financial intermediaries to follow energy efficiency standards |
Explanation
Transport
There appears to be no prioritization process equivalent to the Avoid-Shift-Improve framework at the AfDB. Its active portfolio of transport and urban infrastructure projects is dominated by road projects, which account for 73% of the portfolio. Rail accounts for 10% and air travel accounts for 6%. This may in part be explained by the countries in which the AfDB is investing, and their level of development, but AfDB should strive to improve this nonetheless.
Buildings
There does not appear to be energy efficiency standards for new buildings or renovated buildings.
Financial intermediaries
The AfDB does not appear to require financial intermediaries to follow energy efficiency standards.
Industry
E3G intends to expand this metric to include industrial energy efficiency in the future.
Recommendation: AfDB should adopt an ambitious energy efficiency strategy with standards in all the areas above and should draw on best practice from other MDBs.
Last Update: November 2020