Adaptation Investment Planning

Description

Adverse impacts of climate change are posing serious and growing threats to inclusive sustainable socio-economic development and undermining progress in poverty reduction in Asia and the Pacific region. There is high confidence in the numerous risks to the natural and human system in the future, beyond 2040, and the fact that the mid-and long-term impacts of these risks will be up to multiple times higher than currently observed. This underscores the urgency of scaling up investments in climate adaptation and resilience. Recent years have witnessed significant progress by countries in Asia and the Pacific region in preparing the National Adaptation Plans (NAPs) or equivalent adaptation plans, which identifies a set of priorities, mostly in key sectors, to meet the adaptation and resilience objectives of the country. A growing number of NAPs also include estimates of the costs of priority adaptation projects. However, the question is how do we ensure the adaptation priorities identified in these plans are able to secure financing and are implemented on the round? This would require bridging the gap between adaptation planning and financing.

It is in this context that the Asian Development Bank (ADB) is currently supporting 12 countries in translating their national adaptation priorities for key sectors, as outlined in National Adaptation Plans or Nationally Determined Contributions, into adaptation investment plans that are embedded within the medium-term planning, economic and fiscal frameworks of the country; identifies a suite of priority adaptation investments needed to achieve the country’s adaptation goals; and supports in mobilizing programmatic financing for implementing adaptation investments.

Objectives

The session will provide a venue for countries to share experiences on implementation of their National Adaptation Plans and directions being taken towards developing adaptation investment plans. It will also provide an opportunity to discuss the challenges and opportunities in pursuing adaptation planning and the wider enabling environment needed in countries and within the wider global climate finance architecture for sustainable outcomes.

Agenda

Emcee

• Noelle O’Brien, Director, Climate Change, ADB

Opening Remarks

• Fatima Yasmin, Vice President for Sectors and Themes, ADB
• Melis Zhusupzhanovich Turgunbaev, Minister, Ministry of Natural Resources, Ecology and Technical Supervision, Government of Kyrgyz Republic

Scene Setting Presentation

• Nanki Kaur, Senior Climate Change Specialist, ADB

Panelists

• Honl. Bir Bahadur Balayar, Parliamentarian, Nepal
• Abdul Hamid, Director General, Department of Environment, Ministry of Environment, Forest and Climate Change, Bangladesh
• Yeshi Lhendup, Head, Debt Management Middles Office, Ministry of Finance, Royal Government of Bhutan
• Chiara Falduto, Climate Finance Policy Analyst, Organization for Economic Corporation and Development
• Anne Hammil, Associate Vice President, Resilience at the International Institute for Sustainable Development
• Naeeda Crishna Morgado, Senior Infrastructure Specialist (Innovation and Green Finance), ADB

Moderator

• Arghya Sinha Roy, Principal Climate Change Specialist, ADB