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Asia and the Pacific's Climate Bank

The battle against climate change will be won or lost in Asia and the Pacific. ADB is playing a leading role with developing member countries and key partners to deploy new and innovative investment, knowledge, and strategies to meet this critical challenge.

Key Figures in the Fight against Climate Change

0° Celsius

Paris Agreement Goal Is to Limit Global Warming to Well Below 2°C, Pursuing Efforts to Below 1.5°C,
Compared to Pre-Industrial Levels

0% of the World

Committed to Meet
Paris Agreement Target

$0 billion / year

Commitment by Developed Countries
for Climate Finance by 2020

$0-0 billion / year

Global Estimates for Adaptation
Financing by 2030

0% of ADB Operations

Supporting Climate Action
by 2030

Net 0

Global Greenhouse Gas Emissions
by 2050

ADB is Asia and the Pacific's Climate Bank

We work with governments and civil society to mobilize financing and implement cutting-edge knowledge.

ADB is the FIRST Multilateral Development Bank (MDB) to:

  • Set clear climate investment targets for 2030: ADB first committed in 2015 to increase its climate investments up to $6 billion annually by 2020—a target it met in 2019.
  • Implement a long-term climate change operational framework
  • Establish a climate risk screening and management framework for its operations
  • Disclose project-level data for all its climate projects
  • Be accredited by the Green Climate Fund

New Ideas, New Resources

"We share a common goal of securing the transition to net zero emissions and a climate-resilient future—both of which are critical to sustainable development and economic growth. Response measures such as rapid decarbonization, climate change adaptation, and resilience building are all essential; but achieving this transformation across the region requires international cooperation and strong public and private finance.

The battle against climate change will be won or lost in Asia and the Pacific. The climate crisis is worsening daily, prompting many to call for increased climate finance. We are taking action to meet this call by elevating our ambition to $100 billion in cumulative climate finance from our own resources by 2030."

- ADB President Masatsugu Asakawa


Climate Change Financing at ADB

In 2015, ADB made a commitment to double climate financing from its own resources to $6 billion annually by 2020—the first of such announcements amongst MDBs in the lead up to the historic United Nations Climate Change Conference held in Paris. This ambitious target was based on approval of projects that integrated climate considerations and associated financing. ADB achieved this target a year ahead of time in 2019.

Strategy 2030 and Climate Change

ADB's Strategy 2030 sets seven operational priorities (OP), each having its own operational plan. The operational plans contribute to ADB’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches.

OP 3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability

Thirteen of the seventeen Sustainable Development Goals are relevant to or will be impacted by actions on climate change, climate and disaster resilience, and the environment.


Strategic Operational Priorities
  1. Mitigation of climate change increased
  2. Climate and disaster resilience built
  3. Environmental sustainability enhanced

OP Results Delivered in 2020 Source: 2020 Development Effectiveness Review

3.1: Total annual greenhouse gas emissions reduction (tCO2e/year)
19.325 Million
100+% Achievement Rate

3.1.1: Additional climate finance mobilized ($)
1.526 Billion

3.1.2: People with increased capacity in implementing mitigation and low-carbon development actions (number)
1,300

3.1.3: Low-carbon infrastructure assets established or improved (number)
100

3.1.4: Installed renewable energy capacity (megawatts)
5,000

3.1.5: Low-carbon solutions promoted and implemented (number)
13

3.2: People with strengthened climate and disaster resilience (number)
561,000
100+% Achievement Rate

3.2.1: Area with reduced flood-risk (hectares)
244,000

3.2.2: Gender-inclusive climate and disaster resilience capacity development initiatives implemented (number)
-

3.2.3: Financial preparedness instruments provided (number)
1

3.2.4: National and subnational disaster risk reduction and/or managment plans supported in implementation (number)
11

3.2.5: New and existing infrastructure assets made climate and disaster resillient (number)
86

3.3: People benefiting from strengthened environmental sustainability (number)
3.127 Million
88% Achievement Rate

3.3.1: Pollution control-enhancing infrastructure assets established or improved (number)
16

3.3.2: Solutions to enhance pollution control and resource efficiency implemented (number)
9

3.3.3: Terrestrial, coastal, and marine areas conserved, restored, and/or enhanced (hecates)
54,000

3.3.4: Solutions to conserve, restore, andor enhance terrestrial, coastal, and marine areas implemented (number)
8

3.3.5: Sustainable water-food-energy security nexus solutions implemented (number)
-
3.1: Total annual greenhouse gas emissions reduction (tCO2e/year)
12.8 Million

3.2: People with strengthened climate and disaster resilience (number)
3.2 million

3.3: People benefiting from strengthened environmental sustainability (number)
5.1 Million

Success Stories

 Cleaner Urban Transport for Clearer Skies

Cleaner Urban Transport for Clearer Skies

In the People’s Republic of China, cities are using innovative financing to modernize their public transport systems, clean the air, and decongest roads.


INPUT:
$100 million loan approved on 15 January 2013

OUTCOME:

  • Over 156 million vehicle-km of service per annum provided in 2013–2015
  • Greenhouse gas emission savings of 488,250 tons per annum achieved in 2013–2015
 Harvesting the Results of a Reliable Power Supply in Madhya Pradesh

Harvesting the Results of a Reliable Power Supply in Madhya Pradesh

In central India, ADB and the government partnered to bring an innovative solution to the long-standing problem of an unreliable power supply.


INPUT:
$45 million loan approved on 4 April 2007

OUTCOME:

  • Reduced average distribution losses from 38% in 2008 to 22% in 2015
  • 24-hour power supply for urban areas and 10-hour power supply for rural areas provided
  • Customer complaints halved
 Improving Lives and Saving Forests

Improving Lives and Saving Forests

In the Lao People’s Democratic Republic, a community is creating new products without damaging the environment, empowering women in the process.


INPUT:

  • $15.0 million loan approved on 11 November 2002
  • Additional $5.0 million loan approved on 26 September 2011
  • $3.8 million grant from Agence Française de Développement

OUTCOME:

  • 20% estimated income increase in 50 villages from 2012 levels by 2015
  • 13,853 hectares reforested

ADB is Bringing New Ideas and Significant Solutions

  • We invest in building resilient and empowered communities, cleaner technology, and smart infrastructure.
  • We enable access to new and innovative cofinancing opportunities with public and private partners and mobilize concessional financing from global funds, including through carbon markets.
  • We are strengthening the capacities of our developing member countries to achieve their Nationally Determined Contributions (NDCs) and address climate change by establishing platforms such as NDC Advance and the Article 6 Support Facility.
  • We are expanding partnerships by promoting dialogue and collaboration among diverse partners and stakeholders.

Policies and Initiatives

Energy Policy Review

Energy Policy Review

A review of ADB's 2009 Energy Policy is underway to align its energy operations with Strategy 2030, recognizing the changing contexts and increasing needs of ADB’s developing members while mindful of the impacts of increasing energy use to the climate and environment.

Energy Transition Mechanism

Energy Transition Mechanism

A market-based, equitable, and scalable way of accelerating the retirement of coal-fired power plants, while also jumpstarting the growth of renewable energy capacity.

Revising ADB's Disaster and Emergency Assistance Policy (DEAP)

Disaster and Emergency Assistance Policy (DEAP)

ADB is revising its 2004 DEAP, with the amended policy providing an updated framework to enhance strategic guidance for ADB’s disasters and emergencies assistance—covering risk reduction, preparedness, and response.

ADB Blue Bonds

Blue Bonds

ADB has expanded its green bond framework to include blue bonds for ocean health investments. The new Green and Blue Bond Framework is aligned with both the Green Bond Principles and the Sustainable Blue Economy Finance Principles.

Key ADB Resources on Climate Change

Climate Risk Country Profiles

Climate Risk Country Profiles

Published jointly by ADB and the World Bank Group, this series aims to provide development practitioners with easy-to-use technical resources to facilitate upstream country diagnostics, policy dialogue, and strategic planning.

The reports outline rapid onset and long-term changes in key climate parameters, as well as the impact of these changes on communities, livelihoods, and economies—many of which are already underway.

Clean Energy

Clean Energy

Energy efficiency is emerging as one of the key options that can help Asia and the Pacific meet the region's growing energy needs in a clean and effective way.

Climate Financing

Climate Financing

For the massive financing required to combat climate change, the key will be using limited public sector funds to leverage significant amounts of private capital.

Green Cities

Green Cities

ADB supports livable, green cities through financing water supply, waste management, clean transport, urban planning and clean energy projects.

Integrated Disaster Risk Managemen

Integrated Disaster Risk Management

ADB helps its member countries become more resilient to disasters by financing flood control and water resource management projects, and financing disaster risk management.

Lands and Forests

Lands and Forests

ADB is working across Asia and the pacific to support sustainable forest management and conservation efforts, and agricultural land use improvements, to promote carbon conservation.

Post-Disaster Response, Rehabilitation, and Reconstruction

Post-Disaster Response, Rehabilitation, and Reconstruction

ADB provides fast-tracked support to help members rebuild high-priority physical assets and restore economic, social and governance activities in the aftermath of disasters.

Resilient Development

Resilient Development

ADB is promoting adaptation to climate change in the region by investing in water supply, sanitation, irrigation, flood control, transport and energy infrastructure.

Strengthening Policies

Strengthening Policies

An enormous amount of policy, governance, and institutional work will be needed to mainstream these initial plans and pledges into the development process and translate them into action.

Connect with ADB Climate Change
 

ADB's commitments are aligned with the Paris Agreement under the United Nations Framework Convention on Climate Change, the Sendai Framework for Disaster Risk Reduction, and the Sustainable Development Goals.

ADB is committed to building a low-emission and climate-resilient Asia and the Pacific.