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Climate Change Considerations of Energy Pipelines of the World Bank, IFC, ADB and IDB
Although there has been some improvement
in the past few years, it is difficult
to identify a trend towards systematic incorporation
of climate change issues into
MDBs’ activities. More than 60 percent
of financing for the energy sector over
the past fi ve years has not considered
climate change at all. As
late as 2007, nearly 50 percent of World
Bank lending for the sector made no
mention of climate change, and over the
last three years less than 30 percent of
its financing has comprehensively integrated
climate change considerations. In
2007, about 60 percent of the ADB’s energy
portfolio integrated climate change
criteria; however in 2005 and 2006 more
than 60 percent of lending ignored climate
change completely. More than 60
percent of IDB’s lending for the energy
sector in 2007 did not consider climate
change at all, and less than 10 percent
of its financing over the past three years
has integrated climate change.