This working paper assesses how Multilateral Development Banks can support the global temperature goal of the Paris Agreement. It illustrates how the banks could strengthen existing tools to align their portfolios and activities with the globally agreed mitigation goal.
The Green Climate Fund (GCF) – with a mandate to accelerate climate action in developing countries – has great potential to support transformational investments in developing countries to achieve the goals set out in the Paris Climate Agreement. It is therefore crucial that the GCF succeed in its mission.
With the December 2018 deadline to operationalize the Paris Agreement looming, climate negotiators are faced with the herculean task of pulling together volumes of draft notes and the disparate views of negotiating blocs into comprehensive implementing guidelines to be adopted later this year.
National-level implementation of the 2030 Agenda for Sustainable Development and the Paris Agreement on climate change proceed on different tracks, despite growing recognition of the ample opportunities they present for synergies.