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Oct. 25, 2017, 9:45 p.m.
Climate finance totaling $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015.
This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors. These MDB climate finance figures are detailed here in the 2015 Joint Report on Multilateral Development Banks’ Climate Finance. This important contribution to the global climate change challenge was reinforced by pledges from all MDBs in 2015 to significantly increase their climate financing in coming years. The pledges were made in the run-up to the COP21 Paris Agreement, the world’s first universal climate accord adopted in December 2015 by 195 countries.