Climate Change

What's New Under the Weather and the Rising Tide: Adapting to a Changing Climate in Asia and the Pacific

ADB and Climate Change Adaptation

Countries in the Asia and Pacific must start planning for climate change risks. Costs for adaptation are anticipated to be in the billions of dollars annually. However, not adapting will involve even greater costs and will undermine regional progress towards poverty reduction and economic development.

• Addressing vulnerability risks in national development strategies and actions
• Increasing climate resilience of vulnerable sectors
• Climate proofing projects
• Addressing social dimensions

Bolstering these efforts are long-standing programs of support for disaster preparedness and response, which are increasingly integrated with adaptation efforts.

Through a number of innovative mechanisms, ADB is also mobilizing concessional financing to cover incremental costs of adaptation infrastructure costs and supporting the development of private-sector based instruments, such as climate-oriented insurance products.