• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

AfDB joins MDBs to publish Principles for Assessment of Paris Agreement Alignment

2 years ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
AfDB

AfDB

65
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

AfDB joins MDBs to publish Principles for Assessment of Paris Agreement Alignment

The African Development Bank (AfDB) and other multilateral development institutions have released a set of principles to ensure climate financing aligns with the goals of the Paris Agreement.

The MDBs are collaborating to help accelerate the successful transition to a low-carbon and climate-resilient future by supporting appropriate long-term development pathways in line with the goals of the Paris Agreement.

In addition to the African Development Bank, the MDBs involved are the Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Development Bank, New Development Bank, and the World Bank Group.

The Paris Alignment methodologies result from efforts at harmonization and provide guidance on how projects must be structured to comply with the Paris Climate Accords.

Following the signing of the Paris Agreement by its parties, MDBs committed to aligning their financial flows with the objectives of the Paris Agreement in 2017.

The methodologies take into account the concept of common but differentiated responsibilities and respective capabilities as set out in the Paris Agreement.

RelatedPosts

Ghana’s Current Crude Output Far Below Projected 500,000 bpd – Dr Theo Acheampong

World Bank Reaffirms $4.5bn Support for Ghana’s Development Priorities Under Country Partnership Framework

Equities Extend Rally as GSE Index Closes at Fresh High

For African countries, these will be determined through their Nationally Determined Contributions (NDCs).

Further, as set out in the Paris Agreement, developed countries are obligated to provide financial resources to support developing country efforts toward mitigation and adaptation.

The African Development Bank Group, in alignment with its commitment to Paris Agreement objectives, is committed to enhancing resource mobilization efforts to accomplish these goals.

Anthony Nyong, Bank Group director for Climate Change and Green Growth, said: “We are very pleased to see the publication of these high-level principles as they deliver on a key milestone for the MDBs’ work to align all financial flows with the goals of the Paris Agreement. As MDBs move to apply these principles across the board, we remain committed to strengthening the capacity of African countries to deliver on their NDCs.”

To ensure a consistent approach to implementing Paris Alignment commitments, the MDBs in 2019 developed an approach for aligning activities with the Paris goals, based on six building blocks: alignment with mitigation goals; adaptation and climate-resilient operations; accelerated contribution to the transition through climate finance; engagement and policy development support; reporting; and alignment of internal activities.

The principles have informed the African Development Bank’s own detailed implementation of its Paris Alignment commitment to ensure that, by the end of 2023, all investments are screened for Paris Alignment.

Tags: AfDBAfDB joins MDBs to publish Principles for Assessment of Paris Agreement AlignmentParis Agreement Alignment
No Result
View All Result

Highlights

T-Bill Undersubscribed as Gov’t Manages to Mobilize GHS 2.8bn

GIPC CEO Promotes EV Investments in China

China’s Role in Africa’s Green Energy Future

Ghana, Turkey Renew Commitment to Achieve $1bn Trade Target Before 2027

Prof Bokpin Urges Gov’t to Boost Export Competitiveness to Benefit from China’s Zero-Tariff Policy

Verstappen Surges to Commanding Victory in US GP Ahead of Norris and Leclerc

Trending

Business

Ghana’s Current Crude Output Far Below Projected 500,000 bpd – Dr Theo Acheampong

October 20, 2025

Ghana’s Current Crude Output Far Below Projected 500,000 bpd - Dr Theo Acheampong Ghana, according to Petroleum...

World Bank Reaffirms $4.5bn Support for Ghana’s Development Priorities Under Country Partnership Framework

October 20, 2025

Equities Extend Rally as GSE Index Closes at Fresh High

October 20, 2025

T-Bill Undersubscribed as Gov’t Manages to Mobilize GHS 2.8bn

October 20, 2025

GIPC CEO Promotes EV Investments in China

October 20, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.