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@article{ART002833218},
author={Yoojung Jang},
title={Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence},
journal={Journal of Environmental Impact Assessment},
issn={1225-7184},
year={2022},
volume={31},
number={2},
pages={106-116}

TY - JOUR
AU - Yoojung Jang
TI - Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence
JO - Journal of Environmental Impact Assessment
PY - 2022
VL - 31
IS - 2
PB - Korean Society Of Environmental Impact Assessment
SP - 106
EP - 116
SN - 1225-7184
AB - Multilateral Development Banks (MDBs) have actively responded to global climate change, and developed and operated the Common Principles for Climate Finance Tracking. They estimate climate finance in a granular manner with a conservative view. In other words, the MDBs track their financing only for those elements or proportions of projects that directly contribute to or promote climate adaptation or mitigation. The MDBs have reported jointly on climate finance since the first edition in 2012, which reported for 2011 and up to the 10th edition in 2021, which reported for 2020. MDBs apply two difference methodologies for adaptation and mitigation. For adaptation, the methodology is based on a context and location specific approach and captures the amounts associated with activities directly linked to vulnerability to climate change. For mitigation, it is evaluated in accordance with a comprehensive list of activities that reduce greenhouse gas emissions. The result of climate risk assessment is one of the major due diligence items for MDBs alongside with that of environmental and social impact assessment. Under the circumstance that many countries endeavor to deal with climate change at project level, it is meaningful to understand how MDBs have addressed climate change issues in their project approval process. This would be a good reference to establish a methodology for responding to climate change and to expand scope of environmental and social impact assessment.
KW - Climate Finance;Climate Change Adaptation;Climate Change Mitigation;Multilateral Development Bank
DO -
UR -
ER -

Yoojung Jang. (2022). Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence. Journal of Environmental Impact Assessment, 31(2), 106-116.

Yoojung Jang. 2022, "Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence", Journal of Environmental Impact Assessment, vol.31, no.2 pp.106-116.

Yoojung Jang "Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence" Journal of Environmental Impact Assessment 31.2 pp.106-116 (2022) : 106.

Yoojung Jang. Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence. 2022; 31(2), 106-116.

Yoojung Jang. "Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence" Journal of Environmental Impact Assessment 31, no.2 (2022) : 106-116.

Yoojung Jang. Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence. Journal of Environmental Impact Assessment, 31(2), 106-116.

Yoojung Jang. Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence. Journal of Environmental Impact Assessment. 2022; 31(2) 106-116.

Yoojung Jang. Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence. 2022; 31(2), 106-116.

Yoojung Jang. "Review of Multilateral Development Bank’s Methodologies for Consideration of Climate Change Impacts in Project Due Diligence" Journal of Environmental Impact Assessment 31, no.2 (2022) : 106-116.