The Climate Investment Funds (CIF) Administrative Unit has published an information document on work by multilateral development banks (MDBs) in greenhouse gas (GHG) analysis and harmonization of GHG estimation methodologies.
The document is based on biennial reports by the MDBs on: current and planned work in GHG analysis; development and application of methodologies for estimating GHG emissions; and joint work to harmonize GHG estimation methodologies among the MDBs.
30 October 2014: The Climate Investment Funds (CIF) Administrative Unit has published an information document on work by multilateral development banks (MDBs) in greenhouse gas (GHG) analysis and harmonization of GHG estimation methodologies. The document is based on biennial reports by the MDBs on: current and planned work in GHG analysis; development and application of methodologies for estimating GHG emissions; and joint work to harmonize GHG estimation methodologies among the MDBs.
The document (CTF/TFC.14/Inf.2) has been prepared for the Climate Technology Fund (CTF) Trust Fund Committee’s meeting, taking place from 17-19 November 2014, in Washington D.C., US.
On joint harmonization efforts, the report informs that the MBDs involved in implementing the CIF have been working through the International Financial Institutions (IFI) Working Group to harmonize project-level GHG accounting. All CIF MDBs have expressed interest in harmonization. In November 2012, the IFI Working Group agreed to a framework for a harmonized approach to GHG accounting, and has since established energy and transport as sectors of priority in this respect. The Working Group has been developing joint guidance notes for approaches to GHG accounting in renewable energy and energy efficiency projects.
On the status of the MBDs in GHG analysis and accounting methodologies, the report presents information from the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the International Finance Corporation (IFC) and the World Bank. An annex to the document contains the ‘IFI Framework for a Harmonized Approach to GHG Accounting’ from 2012.
CTF, one of the Climate Investment Funds, provides middle income countries with highly concessional resources to explore options to scale up the demonstration, deployment and transfer of low-carbon technologies in the areas of renewable energy, energy efficiency and sustainable transport. The CTF Trust Fund Committee oversees and decides on the operations and activities of the CTF. [Publication: Greenhouse Gas Analysis and Harmonization of Methodology]