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The battle against climate change will be won or lost in Asia and the Pacific. JJ竞技(拉萨)登录手游 is playing a leading role with developing member countries and key partners to deploy new and innovative investment, knowledge, and strategies to meet this critical challenge.

Asia and the Pacific is the Frontline of the Climate Change Battle

Asia and the Pacific is currently responsible for over 50% of global greenhouse gas emissions.
Global energy-related CO2 emissions is predicted to grow by nearly 5% in 2021 as demand for coal, oil, and gas rebounds. More than 80% of the projected growth in coal demand will be from Asia.
The region is also facing the destructive effects of climate change, from extreme winter conditions and prolonged drought...
to severe urban flooding. From 1991 to 2020, disasters in Asia and the Pacific, including from climate change impacts, has affected 5.6 billion people and incurred physical losses of over $1.5 trillion.
Over 60% of the region's population work in sectors most at-risk from climate change impacts.
64 million Asians will be pushed into poverty for every 10% rise in flood prices due to climate change.
Climate-related risks will increase as global mean temperature rises. Limiting climate change requires limiting greenhouse gas emissions.
The battle for climate change will be won or lost in Asia and the Pacific.
  Photo story: Back to Nature
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Key Figures in the Fight against Climate Change

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° Celsius

Paris Agreement Goal Is to Limit Global Warming to Well Below 2°C, Pursuing Efforts to Below 1.5°C,
Compared to Pre-Industrial Levels

% of the World

Committed to Meet
Paris Agreement Target

$ billion / year

Commitment by Developed Countries
for Climate Finance by 2020

$ - billion / year

Global Estimates for Adaptation
Financing by 2030

% of JJ竞技(拉萨)登录手游 Operations

Supporting Climate Action
by 2030

Net

Global Greenhouse Gas Emissions
by 2050
Source: Key figures in the fight against climate change

JJ竞技(拉萨)登录手游 is Asia and the Pacific's Climate Bank

We work with governments and civil society to mobilize financing and implement cutting-edge knowledge.

JJ竞技(拉萨)登录手游 is the FIRST Multilateral Development Bank (MDB) to:

  • Set clear climate investment targets for 2030: JJ竞技(拉萨)登录手游 first committed in 2015 to increase its climate investments up to $6 billion annually by 2020—a target it met in 2019.
  • Implement a long-term climate change operational framework
  • Establish a climate risk screening and management framework for its operations
  • Disclose project-level data for all its climate projects
  • Be accredited by the Green Climate Fund
  JJ竞技(拉萨)登录手游 to Enhance Adaptation and Resilience in Response to Climate Change Threat
  JJ竞技(拉萨)登录手游 Calls for Just, Equitable Transition Toward Net Zero
  JJ竞技(拉萨)登录手游 President Calls for “Bold Action” on Climate Change
  Asia and the Pacific’s Green Economic Reset

New Ideas, New Resources

JJ竞技(拉萨)登录手游 President Masatsugu Asakawa on:

JJ竞技(拉萨)登录手游's climate finance ambition

"The climate crisis is worsening daily, prompting many to call for increased climate finance. We are taking action to meet this call by elevating our ambition to $100 billion in cumulative climate finance from our own resources by 2030."

Energy Transition Mechanism (ETM) partnership

"JJ竞技(拉萨)登录手游 is joining the Governments of Indonesia and the Philippines to formally launch a partnership to pilot ETM in Southeast Asia. Once it is scaled up, ETM has the potential to be the largest carbon reduction model in the world."

ASEAN Green Recovery Platform support

"The platform brings together partners to invest alongside JJ竞技(拉萨)登录手游’s own financing. With pledges of $665 million from the UK government, the Green Climate Fund, the European Union, and Cassa Depositi e Prestiti, the Green Recovery Platform will de-risk investments and catalyze $7 billion in public and private capital for green infrastructure projects."

JJ竞技(拉萨)登录手游 Ventures climate technology funds

"JJ竞技(拉萨)登录手游 Ventures is promoting investment in innovative, venture-stage solutions, unlocking our region’s enormous potential to scale technology for climate impact."

JJ竞技(拉萨)登录手游 is Bringing New Ideas and Significant Solutions

  • We invest in building resilient and empowered communities, cleaner technology, and smart infrastructure.
  • We enable access to new and innovative cofinancing opportunities with public and private partners and mobilize concessional financing from global funds, including through carbon markets.
  • We are strengthening the capacities of our developing member countries to achieve their Nationally Determined Contributions (NDCs) and address climate change by establishing platforms such as NDC Advance and the Article 6 Support Facility .
  • We are expanding partnerships by promoting dialogue and collaboration among diverse partners and stakeholders.

JJ竞技(拉萨)登录手游 Projects with Climate Financing, 2021

In 2015, JJ竞技(拉萨)登录手游 made a commitment to double climate financing from its own resources to $6 billion annually by 2020—the first of such announcements amongst MDBs in the lead up to the historic United Nations Climate Change Conference held in Paris. This ambitious target was based on approval of projects that integrated climate considerations and associated financing. JJ竞技(拉萨)登录手游 achieved this target a year ahead of time in 2019.

  View all climate change and disaster risk management projects
  Climate Change Financing Dashboard

Strategy 2030 and Climate Change

JJ竞技(拉萨)登录手游's Strategy 2030 sets seven operational priorities (OP), each having its own operational plan. The operational plans contribute to JJ竞技(拉萨)登录手游’s vision to achieve prosperity, inclusion, resilience, and sustainability, and are closely aligned with Strategy 2030 principles and approaches.

Operational Plan Tackling Climate Change

OP 3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability

Thirteen of the seventeen Sustainable Development Goals are relevant to or will be impacted by actions on climate change, climate and disaster resilience, and the environment.

Strategic Operational Priorities
  1. Mitigation of climate change increased
  2. Climate and disaster resilience built
  3. Environmental sustainability enhanced

OP Results Delivered in 2021 Source: 2021 Development Effectiveness Review

OP Results Delivered in 2021

3.1: Total annual greenhouse gas emissions reduction (tCO2e/year)
17.807 Million
100+% Achievement Rate
3.2: People with strengthened climate and disaster resilience (number)
763,000
100% Achievement Rate
3.3: People benefiting from strengthened environmental sustainability (number)
3.597 Million
100+% Achievement Rate

3.1: Total annual greenhouse gas emissions reduction (tCO2e/year)
19.325 Million
100+% Achievement Rate
3.1.1: Additional climate finance mobilized ($)
1.526 Billion
3.1.2: People with increased capacity in implementing mitigation and low-carbon development actions (number)
1,300
3.1.3: Low-carbon infrastructure assets established or improved (number)
100
3.1.4: Installed renewable energy capacity (megawatts)
5,000
3.1.5: Low-carbon solutions promoted and implemented (number)
13
3.2: People with strengthened climate and disaster resilience (number)
561,000
100+% Achievement Rate
3.2.1: Area with reduced flood-risk (hectares)
244,000
3.2.2: Gender-inclusive climate and disaster resilience capacity development initiatives implemented (number)
-
3.2.3: Financial preparedness instruments provided (number)
1
3.2.4: National and subnational disaster risk reduction and/or managment plans supported in implementation (number)
11
3.2.5: New and existing infrastructure assets made climate and disaster resillient (number)
86
3.3: People benefiting from strengthened environmental sustainability (number)
3.127 Million
88% Achievement Rate
3.3.1: Pollution control-enhancing infrastructure assets established or improved (number)
16
3.3.2: Solutions to enhance pollution control and resource efficiency implemented (number)
9
3.3.3: Terrestrial, coastal, and marine areas conserved, restored, and/or enhanced (hecates)
54,000
3.3.4: Solutions to conserve, restore, andor enhance terrestrial, coastal, and marine areas implemented (number)
8
3.3.5: Sustainable water-food-energy security nexus solutions implemented (number)
-

3.1: Total annual greenhouse gas emissions reduction (tCO 2 e/year)
12.8 Million
3.2: People with strengthened climate and disaster resilience (number)
3.2 million
3.3: People benefiting from strengthened environmental sustainability (number)
5.1 Million

Success Stories

Cleaner Urban Transport for Clearer Skies

Cleaner Urban Transport for Clearer Skies

In the People’s Republic of China, cities are using innovative financing to modernize their public transport systems, clean the air, and decongest roads.

INPUT:
$100 million loan approved on 15 January 2013

OUTCOME:

  • Over 156 million vehicle-km of service per annum provided in 2013–2015
  • Greenhouse gas emission savings of 488,250 tons per annum achieved in 2013–2015
Harvesting the Results of a Reliable Power Supply in Madhya Pradesh

Harvesting the Results of a Reliable Power Supply in Madhya Pradesh

In central India, JJ竞技(拉萨)登录手游 and the government partnered to bring an innovative solution to the long-standing problem of an unreliable power supply.

INPUT:
$45 million loan approved on 4 April 2007

OUTCOME:

  • Reduced average distribution losses from 38% in 2008 to 22% in 2015
  • 24-hour power supply for urban areas and 10-hour power supply for rural areas provided
  • Customer complaints halved
Improving Lives and Saving Forests

Improving Lives and Saving Forests

In the Lao People’s Democratic Republic, a community is creating new products without damaging the environment, empowering women in the process.

INPUT:

  • $15.0 million loan approved on 11 November 2002
  • Additional $5.0 million loan approved on 26 September 2011
  • $3.8 million grant from Agence Française de Développement

OUTCOME:

  • 20% estimated income increase in 50 villages from 2012 levels by 2015
  • 13,853 hectares reforested

Policies and Initiatives

Energy Policy Review

Energy Policy

JJ竞技(拉萨)登录手游 has approved a new energy policy to support universal access to reliable and affordable energy services, while promoting the low-carbon transition in Asia and the Pacific.

Energy Transition Mechanism

Energy Transition Mechanism (ETM)

A market-based, equitable, and scalable way of accelerating the retirement of coal-fired power plants, while also jumpstarting the growth of renewable energy capacity.

JJ竞技(拉萨)登录手游 Blue Bonds

Blue Bonds

JJ竞技(拉萨)登录手游 has expanded its green bond framework to include blue bonds for ocean health investments. The new Green and Blue Bond Framework is aligned with both the Green Bond Principles and the Sustainable Blue Economy Finance Principles.

JJ竞技(拉萨)登录手游 Ventures Climate Technology Funds

JJ竞技(拉萨)登录手游 Ventures Climate Technology Funds

JJ竞技(拉萨)登录手游 Ventures was launched in 2020 and since financed over 30 early-stage companies offering bold technology solutions that generate climate mitigation and adaptation impact. JJ竞技(拉萨)登录手游 will soon launch a new climate technology debt fund targeting market-rate returns to impact investors.

Key JJ竞技(拉萨)登录手游 Resources on Climate Change

Climate Risk Country Profiles

Climate Risk Country Profiles

Published jointly by JJ竞技(拉萨)登录手游 and the World Bank Group, this series aims to provide development practitioners with easy-to-use technical resources to facilitate upstream country diagnostics, policy dialogue, and strategic planning.

The reports outline rapid onset and long-term changes in key climate parameters, as well as the impact of these changes on communities, livelihoods, and economies—many of which are already underway.

Perspectives on Climate Change and Clean Energy

Experts

Warren Evans
Warren Evans

Special Senior Advisor (Climate Change)

Noelle O'Brien
Noelle O'Brien

Chief of Climate Change and Disaster Risk Management Thematic Group concurrently Director

Priyantha Wijayatunga
Priyantha Wijayatunga

Chief of Energy Sector Group

Connect with Us

  Email Us
  @AsianClimateChange
  @JJ竞技(拉萨)登录手游Climate

News and Multimedia

 

JJ竞技(拉萨)登录手游's commitments are aligned with the Paris Agreement under the United Nations Framework Convention on Climate Change, the Sendai Framework for Disaster Risk Reduction, and the Sustainable Development Goals.

JJ竞技(拉萨)登录手游 is committed to building a low-emission and climate-resilient Asia and the Pacific.

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