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.
Inter-American Development Bank
Non-fossil to fossil energy ratio and scaling up climate investment in all sectors
| Paris alignment | Reasoning |
|---|---|
| Some progress | Between 2016-19 for every $1 the Inter-American Development Bank (IDB) provided to fossil fuels, $7.1 went to renewables and $3.5 went to energy networks (T&D – transmission and distribution). This is one of the highest and best ratios amongst the MDBs. |
Explanation
Between 2016-19 for every $1 the Inter-American Development Bank (IDB) provided to fossil fuels, $7.1 went to renewables and $3.5 went to energy networks (T&D – transmission and distribution). This is one of the highest and best ratios amongst the MDBs.
Both mitigation and adaptation financing as a percentage have increased from a low level in 2013. This shows that IDB is making a considerable effort in this area.
Climate finance as a percentage of total operations dropped in 2020 due to the COVID-19 response of the IDB.
Oil Change International (2018) Shift the Subsidies database
Inter-American Development Bank (2021) News release
Joint Report on Multilateral Development Banks Climate Finance (2019,2018,2017,2016,2015,2014,2013)
This work is funded by Good Energies Foundation.
Last Update: July 2022