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Climate Finance Landscape of Asia and the Pacific

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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
Climate Finance Landscape of Asia and 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

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