ADB's Focus on Climate Change and Disaster Risk Management
In the Spotlight
Almost 75% of the world’s disaster displacement in 2018 – that’s over 12.6 million people forced to relocate from their homes – occurred in Asia and the Pacific. Governments in the region need to invest more in prevention and response to the long-term impacts of disaster displacement.
Guraidhoo Island in the Maldives is shrinking by the year, as soil erosion and rising oceans threaten its very survival. A high-level conference organized by ADB discussed the problem and what action needs to happen to save the atoll countries.
In 2015, reflecting the seriousness of climate change, ADB made a bold commitment to double its annual climate-related financing to $6 billion by the end of 2020. In December 2019, ADB has reached that goal one year ahead of time, reinforcing its credentials as the Asia Pacific region's climate bank. Read more
Rising ocean levels and warming ocean temperatures are posing a global risk, but for atoll countries like Kiribati, the Maldives, and the Marshall Islands, the changes are threatening their very existence.
Meeting the growing global demand for energy and natural resources is destabilizing our climate, and threatening the development and security of Asia and the Pacific. The poor are particularly vulnerable to these changes and are already suffering from rising sea levels and increasingly devastating storms, droughts, and floods. The intensity and frequency of extreme climate events is expected to increase with climate change, potentially exacerbating this trend in the future.
乐动体育注册From 2011 to 2018 ADB approved over $29 billion in climate financing. ADB's own resources provided $25.3 billion while external resources contributed almost $3.9 billion. Climate finance totaling $111 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2018.
Through mechanisms such as the Climate Investment Funds, multilateral development banks have mobilized $8 billion for climate action in developing countries, with $1.4 billion earmarked for Asia and the Pacific for ADB. ADB is an accredited entity of the Green Climate Fund and is accessing resources from the fund to support climate change actions in the Asia Pacific region.
- Focused Action: Priorities for Addressing Climate Change in Asia and the Pacific
- Addressing Climate Change in Asia and the Pacific: Priorities for Action
- Operational Plan for Integrated Disaster Risk Management 2014-2020
- Climate Change Operational Framework 2017–2030: Enhanced Actions for Low Greenhouse Gas Emissions and Climate-Resilient Development