Regional : Adaptation Metrics to Scale Up and Align Investment with Climate-Resilient Development

Sovereign Project | 55117-001

The knowledge and support technical assistance (TA) will improve the capacity of the public and private sector in developing member countries (DMCs) to apply adaptation metrics in developing adaptation plans and linking these to public and private sources of finance. The TA will deliver two outputs to improve the capacity of public and private sector actors to apply adaptation metrics to support investment planning, namely: (i) evidence base on adaptation metrics expanded, and (ii) tools to apply adaptation metrics developed.

Project Details

  • Project Officer
    Kaur, Nanki
    Climate Change and Sustainable Development Department
    Request for information
  • Country/Economy
    Regional
  • Sector
    • Public sector management
Project Name Adaptation Metrics to Scale Up and Align Investment with Climate-Resilient Development
Project Number 55117-001
Country / Economy Regional
Bangladesh
Pakistan
Philippines
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 10048-REG: Adaptation Metrics to Scale Up and Align Investment with Climate-Resilient Development
Technical Assistance Special Fund US$ 1.00 million
Operational Priorities OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP6: Strengthening governance and institutional capacity
Sector / Subsector

Public sector management / Public expenditure and fiscal management

Gender Some gender elements
Description The knowledge and support technical assistance (TA) will improve the capacity of the public and private sector in developing member countries (DMCs) to apply adaptation metrics in developing adaptation plans and linking these to public and private sources of finance. The TA will deliver two outputs to improve the capacity of public and private sector actors to apply adaptation metrics to support investment planning, namely: (i) evidence base on adaptation metrics expanded, and (ii) tools to apply adaptation metrics developed.
Project Rationale and Linkage to Country/Regional Strategy

Countries in Asia Pacific are highly vulnerable to observed and projected climate change.

While local communities and governments have started to invest in climate adaptation, the recent Intergovernmental Panel on Climate Change assessment highlights that these efforts are fragmented, short-term and incremental and will not be enough to address increasing climate risks. It calls for adaptation action that enables system transitions and transformation.

These investments will cost $155-330 billion annually by 2030, which is much higher than the current $46 billion invested in adaptation globally. In recognition of the financing gap, the Paris Goal on Finance recognizes the need to not only "scale-up billions of financial flows for adaptation, but to fundamentally align the trillions of public and private financial flows and investment with adaptation and resilience".

To develop robust adaptation plans and link them to public and private sources of finance, DMCs have started to focus on adaptation metrics to improve adaptation investment planning systems. For instance, adaptation targets and taxonomies can guide investment in adaptation, and adaptation impact indicators can enable investors to assess and manage investment in adaptation. The governments of Bangladesh, Pakistan and the Philippines have developed climate fiscal frameworks which include adaptation taxonomies and budget tagging systems to link adaptation plans to public budget and expenditure frameworks. Similarly, financial institutions in these countries are considering resilience principles and climate disclosure frameworks to guide private investment in adaptation.

This TA will collate evolving evidence on adaptation metrics and support design and learning dialogues to improve the knowledge and tools available to public and private sector actors for investment in adaptation.

It will add value by supporting DMCs efforts to move from adaptation planning to implementation. It will also contribute to ADB efforts to align and scale-up investment in climate adaptation by supporting upstream planning, the corporate results framework, and future work on Task Force for Climate-Related Financial Disclosures reporting.

Impact

Climate change measures integrated into national policies, strategies, and planning

Effectiveness and durability of adaptation actions improved

Financial flows for investment scaled up and aligned with climate-resilient development

Project Outcome
Description of Outcome

DMCs' capacity to apply adaptation metrics improved

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Evidence base on adaptation metrics expanded

Tools to apply adaptation metrics developed

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Bangladesh - Nation-wide; Pakistan - Nation-wide; Philippines - Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services Individual consultant will be recruited to provide national consulting inputs. A firm will be recruited using quality- and cost-based selection using 90:10 quality-cost ratio. ADB will engage consultants and carry out procurement following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions.
Responsible ADB Officer Kaur, Nanki
Responsible ADB Department Climate Change and Sustainable Development Department
Responsible ADB Division Climate Change, Resilience, and Environment Cluster (CCRE)
Executing Agencies
Asian Development Bank
Timetable
Concept Clearance 14 Sep 2022
Fact Finding 01 Feb 2022 to 11 Feb 2022
MRM -
Approval 14 Dec 2022
Last Review Mission -
Last PDS Update 15 Dec 2022

TA 10048-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
14 Dec 2022 - 14 Dec 2022 31 Dec 2025 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
1,000,000.00 0.00 0.00 0.00 0.00 0.00 1,000,000.00 08 Nov 2023 56,834.74

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.


Evaluation Documents See also: Independent Evaluation

None currently available.


Related Publications

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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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Tenders

Tender Title Type Status Posting Date Deadline
Adaptation Metrics Firm - Consulting Closed
Project Coordinator Individual - Consulting Closed

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.