People watched closely when China launched the Asian Infrastructure Investment Bank (AIIB) last year, with a mandate to be “lean, clean and green.” After its first annual general meeting and seminars this week, it appears that the AIIB is starting to move in a positive direction.
The new Asian Infrastructure Investment Bank has committed to being "lean, clean and green." Will its new Environmental and Social Framework achieve that goal? Researchers Gaia Larsen and Sean Gilbert investigate.
China recently issued its first directive on “green bonds,” funds exclusively applied to finance new and existing green infrastructure projects. The new standards should help scale up the use of green bonds and usher in new low-carbon projects like renewable energy and public transit systems.
China will need investments in the order of $330 billion (RMB 2 trillion) a year from 2015-2030 to overcome its environmental challenges. Tapping the private sector can help scale up the country's green finance.
The China-led Asian Infrastructure Investment Bank and other new multilaterals are becoming an important part of the development finance landscape. How they answer these five questions will have far-reaching implications.
Call it bad timing: Brazil’s greenhouse gas emissions intensity is rising while that of most of the G20 countries decreases, just as more infrastructure investment will be needed to support expected economic growth and social inclusion. Representatives of commercial banks in Brazil, the Brazilian Development Bank (BNDES), the Inter-American Development Bank (IDB), Brazil’s Ministry of Finance and others joined WRI experts to explore how they can collectively help the country make the transition to a low-carbon economy.