Inter-American Development 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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Some progressBetween 2016-18 for every $1 the IDB provided to fossil fuels, $7.5 went to renewables and $2.6 went to energy networks (transmission and distribution). This is one of the highest and best ratios amongst the MDBs, although IDB continues to finance fossil fuels.

Explanation

Between 2016-18 for every $1 the Inter-American Development Bank (IDB) provided to fossil fuels, $7.5 went to renewables and $2.6 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.

 
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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