ADB is prioritizing climate and disaster resilience, alongside low-carbon development, in response to the growing threats facing Asia and the Pacific.
9 out of 15 nations most affected by extreme weather are in Asia and the Pacific.
ADB is prioritizing climate and disaster resilience and low-carbon development in response to the growing threats facing Asia and the Pacific.
ADB is elevating its ambition to $100 billion in cumulative climate financing from its own resources to its developing member countries in 2019-2030.
ADB has placed combating climate change and its consequences at the top of its development agenda. The bank is therefore scaling up support to address climate change, disaster risks, and environmental degradation, elevating its ambition to provide $100 billion in cumulative climate financing from its own resources to its developing member countries for the period 2019-2030.
The bank supports policies, practices, and technology that lower greenhouse gas emissions and is mainstreaming a comprehensive approach to climate and disaster resilience. The bank’s work also focuses on promoting environmental sustainability and highlighting the link between water, food, and energy.
ADB is promoting climate and disaster resilience in the region by investing in water supply, sanitation, irrigation, flood control, transport and energy infrastructure. Investment in climate and disaster resilience can contribute to sustained economic growth, poverty reduction, and enhanced natural resources management.
ADB is also engaged across Asia and the Pacific in supporting sustainable forest management and conservation efforts, as well as agricultural land use improvements, to promote carbon conservation.
Results delivered in 2023 from ADB projects.
Total annual GHG reduction
*tCO2e = tonnes of carbon dioxide equivalent
People with strengthened
climate and disaster resilience
Area with reduced flood risk
Based on ADB’s 2021 Development Effectiveness Review, the portion of ADB operations supporting climate change mitigation and/or adaptation stood at 56% in 2019-2021. Latest projections from its work program and budget show ADB will have around 65% of its operations supporting climate action by 2023.
ADB recognizes the support countries will require to help plan their transition, including identifying key investments and mobilizing financing. This includes support for institutional development and policy reforms to assist countries in making positive climate choices that will also facilitate climate investment.
ADB’s focus on forest management and conservation is increasing, recognizing that nature-based solutions can help reduce the impact of climate-related disasters and contribute to building resilience through rehabilitating and expanding natural ecosystems.