Climate Change Financing at ADB
ADB is committed to ensure that at least 75% of the number of ADB’s committed operations (on a 3-year rolling average) will be supporting climate change mitigation and/or adaptation by 2030 and climate finance from ADB’s own resources to reach $80 billion cumulatively from 2019 to 2030. In 2021, ADB announced it is elevating its climate finance ambition to $100 billion by 2030. Despite the continuing challenges posed by the COVID-19 pandemic, ADB committed $4,766 million in climate finance in 2021, of which $3,438 million (72.1%) is expected to contribute to mitigating climate change and $1,328 million (27.9%) to adaptation.