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In 2023, the warmest year on record, heatwaves, floods, droughts, wildfires and tropical cyclones intensified across the world, with devastating effects on Southeast Asia and other climate-vulnerable regions. Photo credit: ADB.
18 November 2024

As Temperatures Rise, Southeast Asia Needs a Larger Share of Climate Finance Flows

The United Nations has called for a doubling of adaptation finance, which is the priority for countries most affected by climate change.
The Philippines has been one of the hardest hit countries by climate change and needs substantial financing to address the issue. Photo credit: ADB.
9 January 2023

Five Ways to Fund the Philippines’ Fight against Climate Change

Financing climate action was a key topic at COP27. For the Philippines, on the front lines of the global climate crisis, it is a make-or-break question.
The ocean is valued at more than $24 trillion. Photo credit: ADB.
12 August 2022

Breaking the Waves: Kickstarting the Global Sustainable Blue Economy in Southeast Asia

Advancing a sustainable blue economy entails developing a globally recognized taxonomy, attracting much-needed private capital into blue projects, and generating a healthy project pipeline.
By 2030, the region’s green economy will contribute $1 trillion in economic opportunities, and potentially contribute 6%–8% growth in GDP from new growth areas. Photo credit: ADB.
26 April 2022

Financing Climate Action: Three Priorities for Southeast Asia

Southeast Asia needs to rapidly mobilize private funds to meet the region's financial needs of $210 billion per year in adaptation and mitigation investments.
With 65% of Asia’s infrastructure projects not considered bankable and with the clock ticking to deliver on their net-zero goals, countries like Indonesia are under pressure to line up green projects that would attract investments from the private sector. Photo credit: ADB.
19 April 2022

6 Ways Indonesia Can Green Its Infrastructure Pipeline

Incorporating environmental, social, and governance norms in planning and offering incentives for fund raising, among ways to add more green projects.