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Top development banks agree definition for climate finance

2015-04-09 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: Leading development banks have agreed on a set of definitions for climate finance, in what officials say is an important step ahead of a proposed UN climate change pact in Paris later this year. A set of Common Principles backed by the World Bank, International Development Finance Club (IDFC) and Agence Francaise de Developpment lists investments than can qualify as climate friendly. Released last week, the document outlines a range of efficiency, renewables and forestry projects that slow greenhouse...

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