According to the “2021 Joint Report on Climate Financing of the Multilateral Development Banks”, climate financing committed by the main multilateral development banks (MDBs) grew more than 24% last year compared to 2020. The report, coordinated by the European Bank Bank (EIB), combines data from the African Development Bank (AfDB), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD), the Bank European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), and the World Bank Group (WBG). The current edition also includes climate finance tracking information from the Council of Europe Development Bank (CEB) and the New Development Bank (NDB), which is presented separately from the combined figures.

According to published data, the total financing of the multilateral development banks in 2021 has already exceeded the 2025 climate financing goals set at the 2019 United Nations Secretary-General’s Climate Action Summit in New York. In 2021, the MDBs provided 51 billion dollars in climate finance to low and middle-income economies (65% for climate change mitigation and 35% for adaptation). The amount of private financing mobilized reached 13,000 million dollars.

In addition, the MDBs provided more than 31 billion dollars in climate finance to high-income economies in 2021 (94% for climate change mitigation and 6% for adaptation). The amount of private financing mobilized reached 28,000 million dollars.