Development banks collaborate to support cities' climate actions
Source(s):
Environment News Service, the
With the overall aim of better coordinating and deepening support to cities that must adapt to and mitigate climate change, the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and the World Bank will develop common tools and metrics for cities, according to ENS. At the United Nations climate conference in Durban earlier this month, the banks said they will develop a common approach for cities to assess climate risk, standardize greenhouse gas emissions inventories, and encourage a consistent suite of climate finance options.