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The Independent High-Level Expert Group on Climate Finance estimates that $6.3 trillion–$6.7 trillion in global investment is required annually by 2030 to deliver the Paris Agreement. Photo credit: ADB.
24 September 2025

Climate Risks and Fiscal Health: Three Takeaways for Southeast Asia

With enhanced tools, inter-agency coordination, and capacity building, finance ministries can significantly accelerate the development of climate-resilient fiscal systems.
About $7.4 trillion in climate finance is needed annually through 2030, according to CPI estimates. Photo credit: iStock/Jason T. Mulvaney.
10 September 2025

Leveraging NDC Climate Pledge Updates to Bridge the Finance Gap

While climate finance has grown at unprecedented rates in recent years, reaching $1.46 trillion in 2022, these flows still fall short of global needs.
Under the Climate Change Action Program, ADB is supporting the Philippines to enhance the enabling framework for mobilizing public and private climate finance in its priority sectors. Photo credit: ADB.
15 November 2024

Navigating Climate-Related Fiscal Risks in Southeast Asia: 12 Things to Know

ASEAN member states are managing fiscal risks posed by climate change and unlocking capital for economy-wide decarbonization and climate resilience.
As climate risks worsen, Asia and the Pacific faces a huge gap in climate finance. Photo credit: ADB.
5 September 2024

Strengthening the Role of Ministries of Finance in Climate Action in Asia and the Pacific

Finance ministries' decisions on public spending, taxation, and investment are key to determining the resilience of economies and the well-being of citizens across the region.
Super Typhoon Haiyan (Yolanda) devastated the central Philippines in November 2013. Warming oceans have affected the intensity of tropical storms. Photo credit: ADB.
4 April 2024

ASEAN Finance Ministers Take On Pivotal Role in Climate Action

The planned ASEAN Climate Finance Policy Platform will enable knowledge exchange, generate evidence and build capacity, and develop policy frameworks.
Climate-related disasters, such as severe typhoons and floods, depress tax revenues and require governments to spend public resources on immediate-term emergency response and reconstruction costs. Photo credit: ADB.
3 April 2024

ADB Readies ASEAN Climate Finance Policy Platform

The role of finance ministries is becoming increasingly pivotal in addressing climate-related fiscal risks and mobilizing climate finance.