Correcting the World's Greatest Market Failure
Climate Change and the Multilateral Development Banks
Correcting the World’s Greatest Market Failure: Climate Change at the Multilateral Development Banks is a new analysis by the World Resources Institute that examines the challenges of mainstreaming climate change at the Multilateral Development Banks (MDBs).
In the lead up to the 2005 G8 Gleneagles Summit, WRI analysis found that climate change had been considered in less than 20 percent of the World Bank’s lending for the energy sector. Three years later, Correcting the World’s Greatest Market Failure: Climate Change at the Multilateral Development Banks, reviews the Country Strategies and project documentation for the energy sector portfolios of the World Bank Group, the Asia Development Bank, and the Inter-American Development Bank.