Assessing & Reporting Sustainable Development Impacts of Climate Action – Introducing ADB’s New Tool

ADB is developing a new methodology and a tool that aims to facilitate the quantitative assessment and reporting of the Sustainable Development (SD) impacts of climate action and their interlinkages with SDGs. This methodology will be operationalized through an Excel-based tool to ensure convenience, correctness, and consistency in the implementation of the methodology. The tool has been developed to benefit a broad range of stakeholders in conducting SD impact assessments of climate action, including both climate mitigation and adaptation. It has been designed to assess a broad spectrum of climate action in various sectors including Energy, Industry, Transport, Water and Waste, and Agriculture, Forestry, and Other Land Use (AFOLU). At this event, ADB will launch the new tool to assess the SD impacts of climate action and their linkages to SDGs, and convene a discussion from various stakeholders on the imperative need to integrate an SD impact assessment framework for investments in climate action, especially those developed under the framework of Article 6 of the Paris Agreement.