ADB Green Bond: issue no. 3

Abstract

The Asian Development Bank (ADB) flagship study on infrastructure financing estimates that developing Asia will need to invest $26 trillion from 2016 to 2030 to maintain growth, eradicate poverty, and respond to climate change. This is $1.7 trillion per year. The region will need to spend around $200 billion per year specifically for climate change mitigation, and $41 billion more for climate-proofing infrastructure that are at risk. With these estimates, the financing challenge is daunting.