Joint MDB Report to the G8 on the Implementation of the Clean Energy Investment Framework and Their Climate Change Agenda Going Forward
African Development Bank ; Asian Development Bank ; European Bank for Reconstruction and Development ; European Investment Bank ; Inter-American Development Bank ; World Bank Group
The 2005 Gleneagles G8 summit in July2005 stimulated a concerted effort of the MultilateralDevelopment Banks (MDBs) to broaden and accelerate programson access to energy and climate change mitigation andadaptation through the Clean Energy Investment Framework(CEIF). At the Gleneagles summit, it was agreed that areport on the implementation of the CEIF would be preparedfor the 2008 G8 (Group of Eight: Canada, France, Germany,Italy, Japan, Russia, the United Kingdom, and the UnitedStates) summit hosted by Japan. This joint report of theMDBs to the G8 summit in Hokkaido is intended to provideinformation on the outcomes and lessons learned under theCEIF, describe the collective MDB objectives for addressingthe energy access and climate change challenges, and outlinehow the MDBs plan to build on the CEIF experience to date tomore fully achieve these objectives. The report builds uponthe 'the MDBs and the climate change agenda'report that was presented at the December 2007 Bali climatechange conference. This report describes actions taken byeach MDB to develop climate change strategies and programsof actions tailored to their particular client needs, basedon resources and funding mechanisms currently available.Under the CEIF, the MDBs have strengthened collaboration onanalytical work and programming and committed to expand thiscollaboration to optimize the impact of their collectiveactions. In addition to reporting on the status of the CEIF,this report outlines the collective ambition of the MDBswith respect to assisting the developing countries inmeeting the climate change challenge, summarizes theirevolving strategies designed to meet these objectives andthe mechanisms through which they intend to achieve thenecessary collaboration to optimize the collective impact oftheir climate change interventions.