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Description

ADB's corporate mandate is to help achieve an Asia and Pacific region that is free from poverty. During more than 40 years of operation, ADB has successfully addressed this challenge by providing projects and programs to its DMCs focusing on economic growth as the foundation of poverty reduction efforts. As ADB's development work in the region approaches the half century mark, countries within the region need stronger support for their pursuit of sustainable development. Continued poverty reduction will not be possible without proactive efforts to address environmental sustainability, including mitigating the causes of global warming and helping the most vulnerable citizens adapt to the already unavoidable impacts of climate change. In the new millennium, the climate change agenda has become one of the defining challenges that ADB - and the entire development community - must face in achieving further progress in poverty reduction.

Recognizing this, ADB has developed these strategic priorities to promote an Asia and Pacific region that is more resilient to the adverse impacts of climate change and will contribute to the global reduction of GHG emissions by helping the region follow a low-carbon path for economic growth and poverty reduction. ADB will devote increased attention and resources to the five strategic priorities of (i) expanding the use of clean energy; (ii) promoting sustainable transport and urban development; (iii) managing land use and forests for carbon sequestration; (iv) building the climate resilience of the DMCs and the region; and (v) strengthening related policies, governance, and capacities.

Contents

• Executive Summary
• Introduction
• Progress with the ADB Climate Change Program
• Priorities in the Region and ADB Responses
• Modalities to Support the Agenda for Action
• Conclusion
• Appendixes