COP21 – The Climate Deal
The international political response to climate change began at the Rio Earth Summit in 1992, where the United Nations Framework Convention on Climate Change was adopted. The Rio Convention set out to limit average global temperature increases by reducing greenhouse gases. The annual Conference of the Parties (COP) reviews the Convention's implementation.
In 2015, COP21 aimed to achieve a new universal, legally binding agreement on climate change with the objective of keeping global warming below 2°C by the year 2100. A 2°C rise in global temperatures from pre-industrial levels is the highest increase the world can afford to prevent the worst effects of climate change. ADB welcomes the fact that the Paris agreement is closer to implementation following the decision by the USA and the People’s Republic of China - together responsible for 40% of the world's carbon emissions - to formally joined the Paris global climate agreement.
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What Does It Take to Build Resilient Communities? Ask Beetle
Young Rubysol Blasé tells the story of how in Barangay Katipunan, a small village on Siargao Island in the Philippines, the entire community comes together to protect and improve the environment they live in. -
Building Resilience in a Two Degree Warmer World
A study last year by the Asian Development Bank (ADB) and the Postdam Institute for Climate Impact Research found that the trend would only worsen, rolling back the region’s gains in economic development and poverty reduction. -
Economic and Fiscal Impacts of Disasters in the Pacific
Pacific island countries need to build their fiscal and economic resilience to climate change and natural disasters as these have lasting consequences on their livelihoods, economies, and fiscal balances. -
China’s Achievements over the Past 40 Years and Challenges in the New Era - Takehiko Nakao
Speech by ADB President Takehiko Nakao at the China Development Forum 2018 on 25 March 2018 in Beijing, People's Republic of China -
Improving Labour Market Outcomes in the Pacific: Policy Challenges and Priorities
Underemployment, informal work, gender disparities, and a large share of young people not in education, employment, or training characterize labour markets in the Pacific island countries. -
Natural Disasters, Public Spending, and Creative Destruction: A Case Study of the Philippines
Natural disasters may cause suffering and threaten life, but they can also promote economic growth. -
Green Bond Experience in the Nordic Countries
Green bonds have emerged as an important financing solution for climate change mitigation and adaptation investments, particularly in developing countries, where the need for such investments is significant. -
Fostering Green Finance for Sustainable Development in Asia
Aligning the financial sector with sustainable development is key to achieving green transformation in Asia. -
Aggregate Emission Intensity Targets: Applications to the Paris Agreement
Should the world's largest carbon emitters adopt intensity targets or quantity targets? -
Funding the Fight Against Climate Change
ADB has committed to increase its climate investments up to $6 billion by 2020 for its own resources, of which $4 billion will be for mitigation and $2 billion for adaptation.