Climate Change Financing at ADB

In 2024, the Asian Development Bank (ADB) committed for its climate finance to reach 50% of its total annual committed financing by 2030, as it progresses towards delivering over $100 billion in cumulative climate finance from its own resources from 2019 to 2030. ADB aims to ensure that 75% of its number of operations (on a 3-year rolling average) will support climate change mitigation and/or adaptation by 2030.

From 2019 to 2024, ADB has already reached $41.9 billion towards this commitment, investing in its operations (including both regular and concessional ordinary capital resources, as well as Asian Development Fund grant resources). This includes $11.1 billion committed in 2024, of which $1.6 billion is non-sovereign financing. From 2022 to 2024, the share of ADB operations supporting climate action has already reached 91%, surpassing the target for the second year in a row.

ADB committed $12.3 billion in climate finance from investments, technical assistance, and direct charges in 2024. Of this total, $7.4 billion (60%) is expected to contribute to climate change mitigation and $4.9 billion (40%) to climate change adaptation. ADB provided $11.2 billion of climate finance from its own resources and mobilized $1.1 billion 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.