2018 Joint report on multilateral development banks' climate finance

The Joint Report on Multilateral Development Banks’ (MDB) Climate Finance is an annual collaborative effort to make public MDB climate finance figures for developing and emerging economies, together with a clear explanation of the methodologies for tracking this finance. The report is an overview of climate finance committed in 2018 by the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank Group and the World Bank Group. In addition, this year’s report summarises information on climate finance tracking from the Islamic Development Bank.

The data and statistics presented in this year’s report result from uniform application of the methodologies developed jointly by the MDBs for their portfolios. In this report, the term “MDB climate finance” refers to the financial resources (own-account and MDB-managed external resources) committed by MDBs to development operations and components thereof which enable activities that mitigate climate change and support adaptation to climate change in developing and emerging economies. 

Collectively, the MDBs committed US$ 43,101 million in climate finance in developing and emerging economies in 2018 — US$ 30,165 million or 70 per cent of this total for climate change mitigation finance and US$ 12,936 million or 30 per cent for climate change adaptation finance. The net total climate co-finance committed during 2018 alongside MDB resources was US$ 68,050 million. When combined with the MDB climate finance, it brings the year’s total climate finance to US$ 111,152 million. This is the fourth edition of the Joint Report on MDBs’ Climate Finance to include climate co-finance.