How can development banks use long-term strategies to align with development and climate objectives?
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assignment Level : Introductory
chat_bubble_outline Language : English
person IddriTV
date_range Published on December 10, 2020
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With: Graham Watkins, Chief of the Climate Change and Sustainability Division, Inter-American Development Bank (IDB) ( Laurence Breton-Moyet, Director of Strategy, Partnerships and Communication, Agence Française de Développement (AFD) Mohan Vivekanandan, Group Executive: Origination and Client Coverage, Development Bank of Southern Africa (DBSA) Maria Alejandra Riaño, Research fellow, Institut du Développement Durable et des Relations Internationales (IDDRI) Moderation by Sébastien Treyer, Executive Director (IDDRI) Public development banks are key players to support the transitions required to effectively deliver on the Sustainable Development Goals and ambitious climate change targets. But, aligning these objectives requires re-envisioning the way development is financed by favouring a complete, comprehensive and systemic integration of the SDGs, instead of classifying existing projects by individual SDGs. Such alignment also requires benchmarking project decisions against their consistency with economy-wide pathways, with an explicit consideration of the long-term impacts of short-term decisions including the risk of lock-ins. A recent study published by the DDPLAC research consortium shows, on the example of six Latin American countries, how deep decarbonization strategies can help inform the direction to take consistent with the achievement of ambitious climate objectives and national development priorities. This provides a proof of concept for a strategic approach that could provide a framework to guide decision of investors, and notably public development banks. On the occasion of the publication of the DDPLAC report and building on a recent IDDRI study reviewing public development banks’ practices, this webinar organised a conversation between representatives of three development banks–regional, bilateral and national–active in three different continents. The discussion facilitated sharing of experience and of lessons learnt regarding the financing of development patterns that align SDGs and climate. It seeked to identify which approaches could be envisaged to strengthen even more this alignment in their practices and what role country-driven long-term low emission development strategies could play for this purpose. Music :

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