Ocean Resilience and Coastal Adaptation in Asia and the Pacific

Part 1: Climate Adaptation for Resilient Coastal Development and Blue Economy Objectives: This session discussed issues and challenges faced in implementing coastal climate adaptation and the importance of pursuing programmatic and system-wide approaches for building longer-term coastal resilience and the blue economy. The discussions guided ADB in scaling up its support for coastal adaptation to meet its dual commitments to climate action and healthy oceans. 

Part 2: An Ocean of Opportunities: Pacific Small Island Developing States (SIDS) Lead Ocean-Climate Action Objectives: The session emphasized the central role of oceans in global climate mitigation and adaptation and discussed how Pacific SIDS was leading ocean-climate action. It also highlighted the importance of collective action on financing and scaling up the blue economy, and explored innovative ocean finance solutions and how the development of the Blue Pacific Finance Hub can support the priorities of Pacific SIDS.