Key Takeaways

As the emitter of over 50% of global greenhouse gas emissions, climate action taken by countries in Asia and the Pacific will determine whether the battle against climate change will be won or lost. With over 50 years’ experience working in the region, ADB plays a vital role in helping its developing member countries (DMCs) mitigate and adapt.

Did you know:

  1. In 2015, ADB committed to double climate financing from its own resources, becoming the first multilateral development bank (MDB) to set clear climate finance investment targets. It achieved its initial financing target in 2019 and has since committed that at least 75% of its operations will support climate action. In October 2021, ADB announced an ambition of providing a cumulative $100 billion in climate finance between 2019 and 2030. 

    Find out more: ADB Raises 2019–2030 Climate Finance Ambition to $100 Billion

  2. ADB is working with several developing member countries (DMCs) on a funding facility for the early retirement of coal-fired power plants. The Energy Transition Mechanism (ETM) could become one of the largest carbon-reduction programs in the world.

    Find out more: COP26 and the Importance of Climate Action in Asia and the Pacific
    Energy Transition Mechanism Explainer: How ETM Will Support Climate Action in Southeast Asia

  3. The Community Resilience Partnership Program (CRPP) aims to provide long-term support to developing member countries (DMCs) to scale up climate adaptation investments at the local level, especially those that address the nexus of climate, poverty, and gender. This will help increase climate adaptation in relation to social development, human development, livelihoods, and financial inclusion.

    Find out more: Q&A: Arghya Sinha Roy on the Community Resilience Partnership Program

  4. In 2014, ADB became the first multilateral development bank (MDB) to mandate climate change risk screening of its projects, with the establishment of the Climate Risk Management Framework.

    Find out more: Climate Risk Management in ADB Projects

  5. Despite the challenges of the COVID-19 pandemic, ADB in 2020 approved $4.3 billion of climate finance from its own resources and mobilized $729 million from external resources.

    Find out more: Climate Change Financing at ADB
    ADB Annual Report 2020
    ADB Green Bond Newsletter and Impact Report 2021

  6. ADB is aligning its operations with the goals of the Paris Climate Agreement by supporting the development and rollout of climate action plans by its developing member countries (DMCs). The alignment process is expected to be fully completed by July 2025.

    Find out more: ADB Commits to Full Alignment with Paris Agreement

  7. ADB was the first multilateral development bank (MDB) to be accredited by the Green Climate Fund. The Green Climate Fund is the world’s largest dedicated multilateral climate fund. It was created by 194 countries to respond to climate change by investing in low-emission and climate-resilient development in developing countries.

    Find out more: Asia and the Pacific's Climate Bank: News
    Green Climate Fund
    GCF Accredited Entities: Asian Development Bank
    Climate Funds Update: Green Climate Fund

  8. ADB issues and invests in climate bonds to finance projects in its developing member countries (DMCs). Since 2015, ADB has raised around $10 billion from Green Bonds in a wide range of currencies. In 2021, ADB launched its first ever Blue Bonds, raising around $151 million to fund ocean-related projects.

    Find out more: ADB Green Bond Newsletter and Impact Report 2021
    ADB Issues First Blue Bond for Ocean Investments

  9. ADB and ASEAN member governments established the ASEAN Catalytic Green Finance Facility in 2019 to help countries prepare and finance green infrastructure projects. It is the only green finance facility owned by a regional bloc of governments to support climate-action projects. It provides access to over $1.4 billion in loans. 

    Find out more: The ASEAN Catalytic Green Finance Facility (ACGF): 12 Things to Know

  10. ADB has established a dedicated technical assistance platform - NDC Advance - to help developing member countries (DMCs) mobilize finance and build capacity and knowledge to support the implementation of their Paris Climate Agreement pledges to reduce greenhouse gas emissions.

    Find out more: NDC Advance: Accelerating Climate Actions in Asia and the Pacific