The Asian Development Bank and Climate

What the Asian Development Bank is doing on climate financing in the Asia-Pacific

The Programme

The Asian Development Bank climate financing programme -- the Energy Transition Mechanism, the specific climate co-financing facilities, and the ADB commitments to make climate financing the majority of its annual lending -- is the multilateral development bank climate response that the Asia-Pacific development context requires. The Asia-Pacific region is both the most vulnerable to climate change impacts and the most significant source of the emissions that produce them.

The Scale

The scale of the ADB climate programme: the ADB committed to 100 billion dollars of cumulative climate financing between 2019 and 2030. The progress at the midpoint of the commitment period: approximately 55 billion dollars in climate financing has been committed against the 100 billion target. The trajectory suggests the 100 billion target is achievable.

Daily Asian News Coverage

Daily Asian News covers the ADB climate programme because the accountability journalism of the multilateral development bank climate commitments requires examining whether the commitments are being implemented at the pace and the scale the programmes describe.

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