Henri HornMay 8, 2023

The #WorldBank sector note on energy for assessment on #ParisAlignment points out that fossil power plants become #StrandedAssets as they are displaced by cheaper renewables and see capacity factors decline. Unfortunately Power Purchase Agreements often have #TakeOrPay clauses that keep fossil plants running even when there is no need, leading to #LockInEffect and less investment in renewables.

https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099825304072326685/idu0c3637e5e09852043de09ff80cd898f92b2df

Energy and Extractives - Sector Note on Applying the World Bank Group Paris Alignment Assessment Methods

This Sector Note outlines the sector-specific issues for applying the World Bank Group (WBG) Paris Alignment (PA) assessment methods to operations with activities in the .

World Bank
Show threadGermanwatchApr 18, 2023
It is crucial to enable a meaningful public consultation process and to make investment documentation and decisions transparent. Overall, the WBG’s methodology should move beyond a principle of “do no harm” to “do the maximum possible” to achieve full #ParisAlignment. (8/8)
GermanwatchApr 18, 2023
The WBG has published a draft methodology to reach #ParisAlignment – read our blog post with @e3g and @NRDC and find out what's needed to strengthen and clarify the current strategy to fully align WBG investments with the Paris Agreement. 🧵 (1/8)
https://www.germanwatch.org/en/88092
World Bank Group Paris Alignment Draft Methodology Needs Work

The World Bank Group (WBG) has published the first set of documents beginning to detail how they will align their investments with the Paris Agreement – the so-called “Paris Alignment Methodology”. The publication of these methodologies is a long overdue first step to deliver on the commitment to align the WBG operations with the goals of the Paris Agreement. They will need to be strengthened and clarified to fully align the WBG investments with the Paris Agreement.

GermanwatchMar 17, 2023
2023 will be a decisive year for #ParisAlignment at the Multilateral Development Banks. What progress have MDBs made, where are gaps & open questions? Check our blog & read what is needed to make MDB Paris alignment a tool to support climate transition.🧵
https://www.germanwatch.org/en/87992
The Multilateral Development Banks in the run-up to Paris alignment

Article 2.1c of the Paris Agreement stipulates the goal to align financial flows with climate goals. In 2017, the Multilateral Development Banks (MDBs) committed to supporting these efforts by aligning their financial flows with the Paris Agreement, i.e.