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Climate Change and Disaster Risk Management

The Asia and Pacific region is at extreme risk of undoing its economic and social development gains due to unchecked disasters and unabated climate change.

Climate Financing

On 13th October 2021 ADB announced that it is raising its ambition on the provision of climate financing to its developing member countries, seeking to commit up to $100 billion of its own funds for climate finance in 2019-2030. Read more.

Climate Financing
Investing in nature is more important than ever to safeguard economies, health, and wellbeing.

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. Necessary investments in all developing countries for mitigation are estimated to be between $140 billion to $175 billion per year by 2030, while adaptation cost estimates for Asia and the Pacific are in the order of $40 billion per year between now and 2050. Through mechanisms such as the Climate Investment Funds, multilateral development banks have mobilized $6.5 billion for climate action in developing countries, with $2.5 billion earmarked for Asia and the Pacific. For the massive financing required to combat climate change, the key will be using limited public sector funds to leverage significant amounts of private capital, and to get the right technologies into the hands of as many partners as possible, as quickly as possible.

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Other Climate Change and Disaster Risk Management Issues

Issues and topics related to climate change and disaster risk management that ADB has identified as priorities in developing Asia and the Pacific.

Clean Energy

Clean Energy

Energy efficiency is emerging as one of the key options that can help nations in Asia and the Pacific meet the region's growing energy needs in a clean and effective way.

Green Cities

Green Cities

ADB supports livable, green cities through financing water supply, waste management, clean transport, urban planning and clean energy projects.

Integrated Disaster Risk Managemen

Integrated Disaster Risk Management

ADB helps its member countries become more resilient to disasters by financing flood control and water resource management projects, and financing disaster risk management.

Lands and Forests

Lands and Forests

ADB is working across Asia and the pacific to support sustainable forest management and conservation efforts, and agricultural land use improvements, to promote carbon conservation.

Post-Disaster Response, Rehabilitation, and Reconstruction

Post-Disaster Response, Rehabilitation, and Reconstruction

ADB provides fast-tracked support to help members rebuild high-priority physical assets and restore economic, social and governance activities in the aftermath of disasters.

Resilient Development

Resilient Development

ADB is promoting adaptation to climate change in the region by investing in water supply, sanitation, irrigation, flood control, transport and energy infrastructure.

Strengthening Policies

Strengthening Policies

An enormous amount of policy, governance, and institutional work will be needed to mainstream these initial plans and pledges into the development process and translate them into action.