Morandi, Paula, et al. (2023). 2022 IDB Climate Finance Database. IDB Open Data. https://doi.org/10.60966/2bjk-8h91

1. English

How much did the IDB Group invest in climate finance in 2022?

In 2022, the IDB Group committed approximately $5.9 billion in climate finance, representing 33% of total approvals for the year.
This reflects the institution’s continued progress toward its long-term goal of aligning development finance with climate and sustainability objectives.

What are the main objectives of these investments?

The IDB climate finance 2022 portfolio focused on three core goals:

• Mitigation — reducing greenhouse gas emissions through renewable energy, clean transport, and energy efficiency.
• Adaptation — strengthening resilience in agriculture, water management, and disaster risk reduction.
• Cross-cutting actions — integrating climate resilience and low-carbon development into broader infrastructure and policy operations.

Which countries received the most climate financing in 2022?

The top recipients of IDB climate finance in 2022 included:

• Brazil
• Mexico
• Colombia
• Argentina
• Chile

These countries led regional efforts in renewable energy, sustainable cities, and climate-smart agriculture.

How is the 2022 dataset structured?

The dataset is divided into:

• Summary tables — showing total approvals by country, sector, and type (mitigation, adaptation, or dual).
• Project-level records — including project name, sector, and amount of climate-related financing.
• Institutional breakdowns — covering IDB, IDB Lab, and IDB Invest (aggregated).

How does this year compare with previous years?

Compared with 2021, total climate finance data show continued growth in adaptation and resilience projects, particularly in urban development and natural resource management.
Mitigation projects remained strong, with substantial financing for renewable energy and sustainable transport.

What methodology was used to track climate finance?

All figures follow the Joint Multilateral Development Bank (MDB) methodology for tracking climate finance.
This standardized approach ensures consistency and comparability across MDBs and over time.

What sectors received the most financing in 2022?

The largest shares of climate finance were allocated to:

• Energy and infrastructure — renewable generation, efficiency, and smart grids.
• Agriculture and water — climate-resilient irrigation and sustainable land use.
• Urban and transport systems — green mobility and resilient infrastructure.

What are the limitations of the dataset?

Users should note that:

• The dataset covers approved financing, not disbursements.
• IDB Invest data appear in aggregate form.
• Some projects address both mitigation and adaptation goals, with proportional allocations across categories.

How can this dataset be used?

Researchers, analysts, and policymakers can use the IDB Climate Finance 2022 dataset to:

• Analyze sectoral and regional trends in climate investment.
• Compare annual progress toward institutional climate finance targets.
• Support evidence-based policy design for low-carbon and resilient development.
• Explore co-financing opportunities with other development partners.

What is climate finance data and why is it tracked?

Climate finance data represents financial resources committed to projects that mitigate or adapt to climate change. In the 2022 IDB dataset, it refers to MDB financing allocated to development operations that reduce emissions or improve resilience in Latin America and the Caribbean.

What are the climate finance tracking mechanisms and definitions?

The dataset uses the Joint MDB Climate Finance Methodology, which assigns percentages of financing to mitigation, adaptation, or dual objectives. Climate finance is defined as funding that enables climate-related activities in developing and emerging economies.

What are the major gaps and limitations in current climate finance reporting?

The dataset highlights that results reflect compiled data and may not represent full institutional views. It also focuses on approved amounts rather than real-time disbursements or impact outcomes.

How is climate finance data collected from international financial institutions?

The dataset compiles project-level financial information, including approved amounts, lending instruments, and climate finance shares based on MDB methodology.

What is the difference between public vs private climate finance data sources?

The dataset includes both internal and external funding classifications and distinguishes between lending instruments and funding origins.

How do climate finance data for adaptation vs mitigation projects compare?

The dataset separates financing into mitigation, adaptation, and dual categories using percentage allocations and dollar values per project.

What is the regional climate finance data for the Global South?

The dataset focuses specifically on Latin America and the Caribbean, covering countries such as Brazil, Mexico, Colombia, Peru, and Caribbean nations.

How can policy makers use climate finance data to inform national budgets?

Policy makers can analyze country-level allocations, sector distribution, and financial instruments to align national spending with climate priorities.

What is the breakdown of climate finance data by financial instrument: grants, concessional loans, and equity?

The dataset includes variables such as lending instrument, funding source, and approved amount, allowing classification of finance by instrument type.

How can developing nation policy makers track climate finance inflows more effectively?

They can track inflows using variables such as country, approved amount, climate finance share, and sector classification within the dataset.

What is the role of multilateral development banks (MDBs) in harmonizing climate finance reporting standards?

The dataset demonstrates MDB harmonization by applying the Joint MDB Climate Finance Methodology across all projects.