All of the projects we invest in are assessed for their SEI potential during the Bank’s development and approval stages. This assessment includes identification of SEI project components and attribution of SEI finance to these components. Furthermore, for each project that qualifies, the potential for energy savings, Renewable Energy in Ukraine, and CO2 emissions are determined.
We track these SEI data in our project database and report on them annually. We use a robust process for this assessment, and we invest in continuous improvement of this process. Tracking of SEI data consists of three steps: identification of SEI projects, attribution of finance, and determination of the potential for energy savings and greenhouse gas reductions (see Greenhouse Gas Assessment for 2013). We are currently implementing an enhanced monitoring, reporting and verification (MRV) framework, in the context of a constant increase in both the number and complexity of projects, in order to improve data verification and the tracking of climate adaptation and resource efficiency finance (water savings and waste minimisation).
We work with other multilateral development banks (MDBs) on a common methodology to track financial flows dedicated to climate change. The latest joint report was published in November 2013, and provides comparative and aggregate information on climate mitigation and climate adaptation finance for the year ending 31 December 2012.