Skip to main content

Paris Alignment

Paris Alignment

Aligning financial flows to the goals of the Paris Agreement​.

A body of water with palm trees and bushes. Social Development - Inter-American Development Bank - IDB

What Does the Paris Agreement Alignment Framework Look Like at the IDB?

 

Through its financing, the IDB Group supports the Latin America and the Caribbean (LAC) region in the promotion of low-carbon and climate-resilient development.

Through policy support and technical assistance, it seeks to progressively raise climate ambition in the region. Aligning IDB Group financing to the goals of the Paris Agreement is part of this agenda, and thus, one of the pillars in our Climate Change Action Plan 2021-2025

As of January 1st 2023, we assess all our new operations seeking to ensure they do not obstruct the transition to low greenhouse gas and climate-resilient economies in line with the goals of the Paris Agreement. 

The “IDB Group Paris Alignment Implementation Approach” (PAIA) contains the methodology, set of principles, and technical guidance on energy, water and sanitationtransportation, agri-food systemsmanufacturing, digital economybuildings, and operations with financial institutions, to carry out this assessment. Furthermore, the IDB uses its Disaster and Climate Risk Methodology as a key input to align its operations to the adaptation goal of the Paris Agreement. This helps shape the technical design of operations and informs our dialogue with clients.

The PAIA has been designed with embedded flexibility to acknowledge different national contexts, and is to be updated on the basis of evolving knowledge, feedback, and lessons learned by all Multilateral Development Banks (MDBs). This is part of the process that IDB Group shares with other development finance institutions, as we begin to apply the principles of the “Joint MDB Methodological Principles for Assessment of Paris Agreement Alignment of New operations” which are the basis for the PAIA and were developed by IDB Group in collaboration with other MDBs. 

The principles represent the outcome of work amongst the MDBs since the Paris Agreement was signed. MDBs committed to align their financial flows with the objectives of the Paris Agreement in 2017. 

IDB Group Paris Alignment Implementation Approach (PAIA)

Download

Climate Change Action Plan 2021-2025

Download

Technical Guidance for Operations with Financial Institutions

Download

Technical Guidance for Water and Sanitation

Download

Technical Guidance for Agri-food Systems

Download

Technical Guidance for Transportation

Download

Technical Guidance for Energy

Download

Technical Guidance for Manufacturing

Download

Technical Guidance for Digital Economy

Download

Technical Guidance for Buildings

Download

Paris Alignment: An Opportunity to Strengthen Economies with Low-Carbon and Climate-Resilient Investments
Read more
It Takes a Village: Innovation and Change in the Pathway Toward Paris Agreement Alignment
Read more

Download the Joint MDB Methodological Principles for Assessment of Paris Agreement Alignment of New operations for:

hands
General Corporate Purpose Financing
Download
hands
Policy-based Lending Operations
Download
hands
Direct Investment Lending Operations
Download
hands
Intermediated Financing
Download

You can also download de MDB list of activities considered universally aligned with the Paris Agreement's mitigation goal and universally not aligned with the Paris Agreement's mitigation goal:

hands
List of activities considered universally aligned and universally not aligned with the Paris Agreement's mitigation goal
Download
Topics

Discover the topics in which we work to improve lives in Latin America and the Caribbean.

See more
Country Offices

Explore our offices across countries and the work they do to improve lives.

See more
Jump back to top