Asian Infrastructure Investment Bank

Non-fossil to fossil energy ratio and scaling up climate investment in all sectors

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
UnalignedThe AIIB has funded more fossil fuels than renewables between 2016-2018. For every $1 the AIIB provided to fossil fuels, $0.4 went to renewables and $0.3 went to energy networks (transmission and distribution).

Explanation

The Asian Infrastructure Investment Bank (AIIB) has funded more fossil fuels than renewables between 2016-2018. For every $1 the AIIB provided to fossil fuels, $0.4 went to renewables and $0.3 went to energy networks (transmission and distribution).

Climate finance accounted for 39% of total financing approved in 2019, up from 35% over the previous three years combined.

Recommendation: Scale up climate investment in the energy sector to ensure fossil fuel lending is at zero across a 3-year period.

 
OECD (2018) OECD DAC Recipient Perspective – Climate Finance
Oil Change International (2018) Shift the Subsidies database
Joint Report on Multilateral Development Banks Climate Finance (2019,2018,2017,2016,2015,2014,2013)
Last Update: November 2020

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