Update on the Joint MDB initiative for tracking climate finance (Mr. Eduardo Ferreira, World Bank)

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Strictly Confidential © 2013
Reporting on Climate Finance:
Experience from MDBs. Understanding
the process. Creating transparency.
Eduardo Ferreira
Senior Finance Specialist, Climate Change
The World Bank Group
OECD
May 20th, 2015

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Road map of today’s presentation
I. Joint MDBs tracking methodology
II. Increasing Transparency: Sharing, Discussing, Agreeing,
Reporting
III. What Next: 2015 and Beyond

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I. Joint MDBs tracking methodology: Background
In order to encourage the scaling up of climate finance
globally, MDBs created a methodology to track its
commitments towards climate in 2011;
MDBs commit to uphold transparency in tracking and
reporting
Development has been open and inclusive, consulting with
other organizations like OECD, UNFCCC and bilaterals, which
share an interest in climate finance reporting.

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I. Joint MDBs tracking methodology: numbers
MDBs have collectively financed ~USD 25 billion a year, or
USD 75 billion in climate action between 2011, when they
began jointly tracking climate finance, and 2013
0
5,000
10,000
15,000
20,000
25,000
30,000
2011 2012 2013
MDB Climate Finance
(development and transition economies)

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I. Joint MDBs tracking methodology: What is tracked?
• Contributions to climate change adaptation or mitigation of activities
in the developing and emerging economies;
• Irrespective of GHG accounting;
• Financial flows, disaggregated from non-climate financing and
without double-counting;
• Reporting separately:
• Own resources from external resources
• Public from private recipients
• Policy loans from investments
• Commitments tracked at (Board) approval (ex-ante)
• Mitigation finance based on the mitigation activity typology agreed
among all MDBs, following a granular approach
• Adaptation finance tracking uses a process-based context- and
location-specific, conservative and granular approach.

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MDB
Coordinator
(WBG 2014)
ADB
AfDB
EBRD EIB
IDB
WBG
(WB + IFC)
DATA SHARING AND PROCESS
MANAGEMENT
Consensus
on changes
Improve
methodolo
gy
Exchange &
Review
project data
PROCESS
II. Increasing Transparency: Sharing, Discussing, Agreeing, Reporting
Increased transparency and
harmonization of figures

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2014 Joint Report on MDB Climate Finance planned to be
published before SDG conference in Addis Ababa July 2015;
MDBs to agree on definitions and approaches for tracking climate
finance leverage/mobilization from its commitments;
Continue to cooperate/contribute with IDFC UNFCCC CPI OECD
GCF and stakeholders;
Launch of MDB/IDFC Common Principles for Mitigation Finance
tracking
III. What comes next in 2015 and beyond?
• Such principles form the basis by which both groups commit to
continue track and report their climate mitigation activities;
• Continuously work on improving data transparency, collection
processes, and comparability of reporting;
• Refining mitigation typology and improve understanding on methods to
define the different approaches and principles for adaptation tracking