Climate Finance Landscape of Asia and the Pacific

Year Published

2023

Contributing Organizations

Asian Development Bank (ADB)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate Finance Ecosystem

Topic 2

Risks & Opportunities: The Business Case

Target Audience

Governments & Policymakers

MDBs/DFIs

Relevant Geography

Asia & the Pacific

Resource Description

This resource analyzes climate finance flows in Asia-Pacific for 2019–2020, identifying trends, gaps, and actions needed to scale finance for low-carbon, climate-resilient development.

Why This Matters

Asia-Pacific receives only 7% of global climate finance despite high vulnerability. Addressing regional imbalances is key to advancing global climate goals.

Key Insights

Annual climate finance averaged USD 85 billion, with 69% for mitigation and 31% for adaptation
95% of flows were in East Asia, with China alone accounting for 76%
Public sources contributed 86%, while private finance—especially for adaptation—remains limited
Major gaps exist in agriculture, land use, and cross-border investment
Recommends strengthening policies, scaling blended finance, increasing adaptation funding, and improving data systems

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Share Your Feedback Suggest a Resource