Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability is a priority in ADB's Strategy 2030. ADB is committed to ensure that at least 75% of the number of ADB’s committed operations (on a 3-year rolling average) will be supporting climate change mitigation and/or adaptation by 2030 and climate finance from ADB’s own resources to reach $80 billion cumulatively from 2019 to 2030. In 2021, ADB announced it is elevating its climate finance ambition to $100 billion by 2030.
Despite the continuing challenges posed by the COVID-19 pandemic, ADB committed $4,766 million in climate finance in 2021, of which $3,438 million (72.1%) is expected to contribute to mitigating climate change and $1,328 million (27.9%) to adaptation. ADB provided $3,553 million from its own resources and mobilized $1,213 million from external resources.*
*External resources refer to ADB administered donor trust funds, financing from multilateral climate funds such as Global Environment Facility, Climate Investment Fund, Green Climate Fund, and bilateral financing, among others.