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.
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.
Administration of the Green Climate Fund’s Contributions for the ASEAN Catalytic Green Finance Facility Green Recovery Program
This paper seeks approval for the Asian Development Bank to administer contributions from the Green Climate Fund (GCF) to establish the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility Green Recovery Program.
ADB Green Bond Newsletter and Impact Report 2021
This issue outlines the expansion of ADB's green bond program over the years and explains how it has helped developing member countries address the impacts of the coronavirus disease (COVID-19) pandemic.
Establishment of the Australian Climate Finance Partnership
The Australian Climate Finance Partnership (ACFP) is a stand-alone, single-donor trust fund managed by the Asian Development Bank (ADB) that was established by ADB and Australia’s Department of Foreign Affairs and Trade (DFAT).
100 Climate Actions from Cities in Asia and the Pacific
This publication showcases 100 projects and programs tackling climate change and its impacts on people and the environment in cities across Asia and the Pacific.
Climate Change Fund Annual Report 2019
This report provides the Climate Change Fund's activities in 2019 and progress as of 31 December 2019, in terms of the financial status and operational results; highlights the key issues and lessons, and discusses future directions.
- Flyer: NDC Advance – Accelerating Climate Actions in Asia and the Pacific
- Flyer: Asian Development Bank – Building a Low-Emission and Climate-Resilient Asia and the Pacific
- Climate Change Operational Framework 2017–2030: Enhanced Actions for Low Greenhouse Gas Emissions and Climate-Resilient Development
- Photo Essay: Back To Nature
Experts warn that even toilets and sanitation systems are not immune from the impact of climate change, a reality that both developed and developing countries face.