Climate Change

Financing Climate Change Mitigation and Adaptation

The Asia Pacific Region will require billions of dollars to transition to low-carbon growth paths and adapt to the unavoidable impacts of climate change.

To respond to this challenge, ADB's climate change initiatives are creating access and incentives for financing and investment to help make mitigation and adaptation actions more competitive and affordable to developing countries.

In this effort, we are working with a number of partners on three fronts:

• Mobilizing concessional resources through a number of mitigation and adaptation funds
• Catalyzing private sector investments; and
• Maximizing the use of market-based mechanisms, such as through the Carbon Market Initiative