Civil Society Expectations for Paris Alignment of Public and Development Banks

Public and development banks have an obligation to align their own bank activities with the Paris Agreement, in addition to a broader responsibility to transform economies toward alignment with the Paris Agreement. As governments around the world prepare historic levels of public finance to recover from the still-unfolding COVID-19 pandemic, it is more critical than ever that these institutions help us build a more resilient future instead of exacerbating the climate crisis.

This paper highlights civil society's expectations of what Paris-alignment should look like by the Multilateral Development Banks and other Public Finance Institutions.