African Development Bank

Energy efficiency strategy, standards and investment

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.

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Paris alignmentReasoning
Unaligned Few energy efficiency standards in key sectors
Overarching energy efficiency first strategy/principle
No overarching energy efficiency first principle
Transport energy efficiencyBuilding energy efficiencyFinancial intermediary energy efficiency
No prioritization process equivalent to Avoid-Shift-Improve frameworkNo 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

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