Cities, climate change and MDBs: cooperation, action and delivery


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Cities sit at the vanguard of our global ability to address climate change. While just over half of the world’s population is urban today, more than two-thirds will live in cities by 2050. Simultaneously, cities represent just under three-quarters of global greenhouse gas emissions. The expected, unprecedented growth in urban areas across the globe represents an opportunity to reshape our infrastructure and economies to decouple urban expansion and productivity from emissions and resource consumption.

Multilateral Development Banks can play an essential role in mobilising finance to support climate action in cities and realise the goals of the Paris Agreement. This side event will present the actions MDBs are taking to support meaningful investments for urban decarbonisation and resilience across the globe. The event will highlight the collaboration between MDBs, with the public and private sector, and with CSOs to enable impactful change in cities. Last, the event will highlight the investment and impact goals for cities each MDB has agreed to deliver.

The event will include participation of ADB, AfDB, EBRD, EIB, IADB, IFC, IsDB, WB.

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Barbara Buchner, Global Managing Director, Climate Policy Initiative, CPI

Stephen O’Driscoll, Head of Environment, Climate and Social Policy, European Investment Bank EIB

Manoj Sharma, Chief of Urban Sector Group, Sustainable Development and Climate Change Department, Asian Development Bank, ADB
Stefan Atchia, Manager Urban Development Division, African Development Bank, AfDB
Lin O’Grady, Associate Director, Co-Lead EBRD Green Cities, European Bank for Reconstruction and Development, EBRD
Tatiana Gallego, Division Chief, Urban Development and Housing Division, Inter-American Development Bank, IaDB
Vivek Pathak, Global Head and Director of Climate Business, International Finance Corporation, IFC
Daouda Ndiaye, OIC Head of Climate Change Practice, Islamic Development Bank, IsDB
Sameh Wahba, Global Director, Urban, Disaster Risk Management, Resilience and Land Global Practice, World Bank


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