Climate Change Financing at ADB


In 2015 ADB made a commitment to double climate financing from its own resources to $6 billion annually by 2020. This was the first of such announcements amongst the multilateral development banks 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. ADB achieved this target a year ahead of time in 2019.

In 2023, ADB committed $10,747 million in climate finance. Of this total, $6,168 million (57.4%) is expected to contribute to climate change mitigation and $4,578 million (42.6%) to climate change adaptation. ADB provided $9,864 million from its own resources and mobilized $883 million from external resources.

Note: *- ADB administered donor trust funds, financing from multilateral climate funds such as Global Environment Facility, Climate Investment Fund, Green Climate Fund, and bilateral financing, among others.