Climate Change and Disaster Risk Management
In the Spotlight
ADB has launched a new database presenting detailed figures and insights on projects supporting climate change mitigation and adaptation efforts as the institution moves closer to its $6 billion annual climate financing commitment by 2020.
Climate change-induced avalanches, flash floods, droughts, and landslides, are becoming increasingly frequent in mountainous Tajikistan. Through the Pilot Program for Climate Resilience of the Climate Investment Funds, ADB has been helping the country improve resilience to extreme weather events in the Pyanj River Basin, protecting land, crops, and infrastructure, and saving human lives. Read more about the project
Access to finance and expertise is helping fisher folk, cocoa farmers, and others in Indonesia's Aceh and North Sumatra link to major markets for their products.
ADB approved $3.7 billion in climate finance investments in 2016, a 42% increase over 2015.
Meeting the growing global demand for energy and natural resources is destabilizing our climate, and threatening the development and security of Asia and the Pacific. The poor are particularly vulnerable to these changes and are already suffering from rising sea levels and increasingly devastating storms, droughts, and floods. The intensity and frequency of extreme climate events is expected to increase with climate change, potentially exacerbating this trend in the future.
ADB plays an important role in leading the region to a green growth path through financing and innovative technologies. From 2011 to 2015, ADB approved over $15.5 billion of climate financing. ADB's own resources provided $13.5 billion while external resources contributed over $2.0 billion. Through mechanisms such as the Climate Investment Funds, multilateral development banks have mobilized $8.4 billion for climate action in developing countries, with $1.6 billion earmarked for Asia and the Pacific for ADB. ADB is an implementing entity of the Green Climate Fund and is accessing resources from the fund to support climate change actions in the Asia Pacific region.