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Establishment of Asia-Pacific Climate Finance Fund

dc.date.accessioned2019-05-19T11:36:01Z
dc.date.available2019-05-19T11:36:01Z
dc.date.issued2017-04-30
dc.identifier.urihttp://hdl.handle.net/11540/10090
dc.description.abstractAction on climate change mitigation and adaptation is crucial for sustainable development, economic growth, and poverty reduction in Asia and the Pacific. ADB’s developing member countries (DMCs) are affected by slow-onset events such as sea level rise, shifting seasonal precipitation patterns, and increasing salinity intrusion, and increasing frequency and intensity of extreme weather events caused by climate change.1 Related costs to mitigate such events will add significantly to the region’s infrastructure financing requirements. ADB DMCs will need about $22.6 trillion in infrastructure investment in the energy, transport, water, and information and communication technology sectors from 2016 to 2030, according to a recent ADB report. If the cost of mitigating and adapting to climate change in these sectors is factored in, however, the total infrastructure financing requirements increase to about $26 trillion, or $1.7 trillion per year to 2030. Despite the significant additional cost, key studies on the economics of climate change conclude that the long-term benefits of strong, early climate action considerably outweigh the costs. Measures such as increased penetration of insurance are also needed to enhance the financial management of residual disaster risk, since disaster risk cannot be entirely and cost effectively eliminated through disaster risk reduction. ADB DMCs already face increasing losses from extreme weather events, totaling $322 billion from 2006 to 2015 and affecting about 1.3 billion people, but most of these losses are uninsured. According to recent estimates, only about 100 million people in developing countries and emerging economies worldwide have access to climate risk insurance
dc.languageEnglish
dc.publisherAsian Development Bank
dc.titleEstablishment of Asia-Pacific Climate Finance Fund
dc.typeReports
dc.subject.expertClimate
dc.subject.expertClimate change
dc.subject.expertClimate impacts assessment
dc.subject.expertGlobal climate change
dc.subject.expertAsian Development Bank
dc.subject.expertDevelopment
dc.subject.expertRegional Economic Integration
dc.subject.expertFinancial Sector Policies
dc.subject.expertFinancial Risk Management
dc.subject.expertBond Financing
dc.subject.adbClimatic change
dc.subject.adbClimatic influence
dc.subject.adbClimatology
dc.subject.adbInvestment bank
dc.subject.adbInvestment policy
dc.subject.adbCapital Market
dc.subject.adbRegional Plans
dc.subject.adbRegional Development Bank
dc.subject.adbDevelopment finance
dc.subject.adbMunicipal Bonds
dc.subject.adbLocal Government
dc.subject.adbLocal Taxes
dc.subject.adbInternational Monetary Relations
dc.subject.adbInternational Financial Market
dc.subject.adbInternational Banking
dc.subject.adbCentral Banks
dc.subject.adbBusiness Financing
dc.subject.adbCapital Resources
dc.subject.adbBudgetary Policy
dc.subject.adbCapital Needs
dc.subject.adbCorporate Divestiture
dc.subject.adbCapital Instruments
dc.subject.adbPension Funds
dc.subject.adbInsurance Companies
dc.subject.adbBanks
dc.subject.adbPortfolio Management
dc.subject.adbFiscal Administration
dc.subject.adbEconomics of Education
dc.subject.adbDevelopment Banks
dc.subject.naturalInsurers
dc.subject.naturalInsurance stocks
dc.subject.naturalInsurance holding companies
dc.subject.naturalInsurance carriers
dc.subject.naturalInsurance agencies
dc.subject.naturalBusiness subsidies
dc.subject.naturalInvestment companies
dc.subject.naturalForeign investment
dc.subject.naturalEquity Finance
dc.subject.naturalInternational banks and banking
dc.subject.naturalStock exchanges
dc.subject.naturalGrants
dc.subject.naturalLoans
dc.subject.naturalCommunication in rural development
dc.subject.naturalCommunication in community development
dc.subject.naturalCity planning
dc.subject.naturalUrban climatology
dc.subject.naturalBank investment
dc.subject.naturalCapital investment
dc.subject.naturalInvestment banking
dc.subject.naturalVenture capital
dc.subject.naturalLocal government bonds
dc.subject.naturalBonds
dc.subject.naturalCatastrophe bonds
dc.subject.naturalBond funds
dc.subject.naturalBond market
dc.subject.naturalMultilateral development banks
dc.contributor.imprintAsian Development Bank
oar.themeClimate
oar.themeFinance
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-009631
oar.authorAsian Development Bank
oar.importTRUE
oar.googlescholar.linkpresenttrue


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