Abstract

The global community has spoken loud and clear: more financial resources must be mobilized to mitigate climate change and support communities to adapt to the impacts of climate change and increase resilience. Development banks and development finance institutions (DFIs) are key actors to mobilize commercial resources and help bridge the climate investment gap. Shareholders of development banks and DFIs need to base their steering and guiding function on a good understanding of the institutions’ potential in supporting developing countries meet the Sustainable Development Goals (SDGs) and the Paris Agreement on climate change.

Citation

OECD. 2021. “Investing in the climate transition: The role of development banks, development finance institutions and their shareholders.” OECD Development Co-operation Directorate, Paris.

Article link:  

https://www.oecd.org/dac/financing-sustainable-development/Policy-perspectives-Investing-in-the-climate-transition.pdf