Asian Development Bank (ADB) said access to climate fund is a key priority for Asia and the Pacific as the governments design and implement a green and resilient recovery from the pandemic.
“Expanding access to finance is critical if developing economies in Asia and the Pacific are to meet their Paris Agreement goals to reduce greenhouse gas emissions and help adapt to the adverse impacts of climate change,” said ADB President Masatsugu Asakawa.
He was speaking at the United Kingdom Climate and Development Ministerial—one of the premier events leading up to the United Nations Climate Change Conference (COP 26) in November.
“We can no longer take a business-as-usual approach to climate change. We need to put ambitious climate actions at the center of development,” Asakawa said.
He said, “ADB is committed to supporting its developing member countries through finance, knowledge, and collaboration with other development partners, as they scale up climate actions and push for an ambitious outcome at COP 26 and beyond.”
ADB is using a three-pronged strategy to expand access to finance for its developing members as they step up their response to the impacts of climate change.
