At COP27, ADB showcased initiatives on climate adaptation and resilience being implemented by ADB as well as in partnership with other multilateral development banks and development partners.
COP27 provided an opportunity for ADB to continue the discussion and present implementation updates on key mitigation topics and initiatives such as on ADB’s Energy Transition Mechanism, and carbon pricing including international carbon markets under Article 6 of the Paris Agreement.
ADB participated in the United Nations Framework Convention on Climate Change (UNFCCC) process as an inter-governmental observer organization.
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.