The battle against climate change will be won or lost in Asia and the Pacific. ADB is playing a leading role with developing member countries and key partners to deploy new and innovative investment, knowledge, and strategies to meet this critical challenge.
We work with governments and civil society to mobilize financing and implement cutting-edge knowledge.
ADB President Masatsugu Asakawa on:
"The climate crisis is worsening daily, prompting many to call for increased climate finance. We are taking action to meet this call by elevating our ambition to $100 billion in cumulative climate finance from our own resources by 2030."
"ADB is joining the Governments of Indonesia and the Philippines to formally launch a partnership to pilot ETM in Southeast Asia. Once it is scaled up, ETM has the potential to be the largest carbon reduction model in the world."
"The platform brings together partners to invest alongside ADB’s own financing. With pledges of $665 million from the UK government, the Green Climate Fund, the European Union, and Cassa Depositi e Prestiti, the Green Recovery Platform will de-risk investments and catalyze $7 billion in public and private capital for green infrastructure projects."
ADB is revising its 2004 DEAP, with the amended policy providing an updated framework to enhance strategic guidance for ADB’s disasters and emergencies assistance—covering risk reduction, preparedness, and response.