氣候變化

Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB

Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warming

The Asia-Pacific needs to increase funding for climate change adaptation by up to 12-fold to prepare the world’s most populous region for the dangers of global warming, the Asian Development Bank has warned.

The Manila-based development bank estimated that between $102bn and $431bn was needed in annual financing to adapt to climate change across the Asia-Pacific region from 2023 to 2030, compared with just $34bn in commitments it recorded in 2022.

“The gap between adaptation needs and finance flows is enormous,” the bank said in a report published on Thursday.

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