- Climate change has been called “the greatest market failure the world has seen,”and many are looking to the Multilateral Development Banks (MDBs) to help correct it. MDBs such as the World Bank, the Asian Development Bank (ADB), and the Inter-American Development Bank
CSD 15(IDB) are public financial institutions whose missions are to alleviate poverty by financing projects and policy in developing countries. Many of their efforts focus on sectors that will be key to reducing greenhouse gas emissions including energy, transport, forestry, and agriculture (see Box 1).
- They are also active in sectors where adaptation to the impacts of climate change is a critical challenge, such as water, health, and also agriculture. Unless global economic development policies and practices reduce the release of greenhouse gases (GHGs), emissions will _review_report.cfm.
