Operationalization Framework on Aligning with the Paris Agreement

In 2017, the International Development Finance Club (IDFC) together with the group of Multilateral Development Banks (MDBs) made a joint commitment to “align financial flows with the Paris Agreement”. Since its commitment, the IDFC had focused its efforts on identifying what alignment means and implies.In 2018, the IDFC commissioned a study by I4CE and the Climate Policy Initiative (CPI) to establish a theoretical and conceptual basis for alignment and what internal changes it implies. Moving a step further, the IDFC mandated NewClimate Institute and I4CE to develop an operationalization framework on Aligning with the Paris Agreement. Beyond its usefulness for IDFC members, this 'toolbox’ can help all financial institutions in their journey to alignment.