ADB to heighten its focus on adaptation and resilience to climate change

In one of the special events during this year’s Annual Meeting on 4 May, President Masa announced that ADB will build up its response to the adverse impacts of climate change through increased focus on adaptation and resilience.Through a holistic approach and on top of making physical infrastructure climate-proof, ADB will invest in more projects with climate adaptation as their primary purpose, while promoting strong integration of the ecological, social, institutional, and financial aspects of resilience across its operations.ADB’s move to increase adaptation and resilience investments will include nature-based solutions such as mangroves for coastal resilience, flood risk management-related infrastructure, and climate-smart livelihood practices such as agroforestry.In collaboration with cofinancing partners such as the United Kingdom, the Nordic Development Fund, and other financial institutions and global climate funds, ADB will roll out an ambitious community resilience partnership program that will support both governments and communities in Asia and the Pacific in their efforts to scale up pro-poor resilience investments at the local level.ADB had already committed to ensure that 75% of the total number of ADB’s operations support climate action and its own climate finance resources to reach $80 billion by 2030. This enhanced focused on adaptation and resilience will complement these targets to help developing member countries achieve, and even increase, their Paris Agreement commitments while charting a fair and equitable path to net-zero and climate-resilient development.