ADB's Focus on Environment
In the Spotlight
Investments in climate-resilient infrastructure should be the centerpiece of the billions of dollars in economic stimulus being used to rebuild Asia’s economies.
A premier environmental program known as the Green City Action Plan or GCAP is planning to transform Malaysia's Kota Kinabalu into a nature resort city - one that is clean, green and livable.
The ADB World Oceans Day Seminar presents a panel discussion on the importance of gender equality for the effective conservation and management of ocean resources.
The Action Plan will expand financing and technical assistance for ocean health and marine economy projects to $5 billion, from 2019 to 2024, including cofinancing from partners. Download brochure
Environmental sustainability is a prerequisite for economic growth and poverty reduction in Asia and the Pacific. ADB's long-term strategic framework Strategy 2030 identifies tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability as core areas for support.
While economies in Asia and the Pacific continue to grow, the natural environment is under increasing pressure. Major ecosystems are under threat. Loss of biodiversity is massive as life support systems on land and in the oceans are being degraded. The region is the fastest growing source of new greenhouse gas emissions in the world; several countries are among the most vulnerable to climate change and natural disasters. Cities in Asia are growing at an unprecedented pace, with 44 million added to city populations every year. The resulting congestion, waste, pollution, and associated health impacts remain key challenges in sustaining urban development.
Critical thresholds or “tipping points” may be approaching, beyond which the environment could enter a new state where significant changes would become accelerated, unpredictable, and irreversible. In addition, the gap between the demand for natural resources and the environment’s ability to replenish those resources, or its biocapacity, is widening. In Asia and the Pacific, this gap has important economic and social implications as environmental damage has started to threaten prospects for continued economic growth and poverty reduction. Maintaining natural capital must therefore be a crucial goal for countries.
Given these concerns, the concept of green growth or environmentally sustainable growth has gained increasing attention. Green growth has great potential to provide a clear and focused policy agenda to pursue sustainable economic growth, while improving resilience to climate change and other shocks, and preventing environmental degradation, biodiversity loss, and unsustainable natural resource use.