COP27 and the Importance of Climate Change Adaptation to Asia and the Pacific
The global community is gathering in Sharm el-Sheikh, Egypt, for the?COP27 climate conference . The COP, or ‘Conference of the Parties’, is the key decision-making forum of the United Nations Framework Convention on Climate Change (UNFCCC), which aims to reduce greenhouse gas emissions and address climate change and its impacts. COP27 comes at a critical juncture as Asia and the Pacific deals with the impacts of increasingly frequent and intense weather events caused by climate change.
The Asian Development Bank (ADB) has adopted a comprehensive reform roadmap, featuring a new operating model, to accelerate its transformation and more effectively serve the rapidly changing needs of its developing member countries in Asia and the Pacific. The new operating model will enable ADB to increase its capacity as the region’s climate bank; strengthen its work to develop the private sector and mobilize private investments in the region; provide a larger range of high-quality development solutions for its developing member countries; and modernize ways of working to make it more responsive, agile and closer to clients.
The Asian Development Bank (ADB) and other international financial institutions (IFIs) are for the first time launching a joint video campaign, “Investing for a greener world,” to showcase their role in facilitating climate change solutions, ahead of COP27. The joint video aims to raise awareness about the impact of the IFIs’ climate action work through the personal stories of beneficiaries, from Saint Lucia to the Philippines, Romania, and Uganda.
Climate change is the critical issue of our lifetime and the past 12 months have rammed home that fact. In Asia and the Pacific, hundreds of millions of people have been impacted by large-scale flooding, drought, typhoons, and cyclones. ADB Climate Envoy Warren Evans joins ADB Insight to discuss the growing importance of adaptation in Asia and the Pacific, what makes ADB Asia and the Pacific’s climate bank, and what needs to happen at COP27 to create momentum toward transformational action against climate change.
领英推荐
Featured Topic:?Climate Change and Disaster Risk Management
To combat climate change effectively, limited public sector funds must be deployed to leverage significant amounts of private capital.
ADB has placed combating climate change and its consequences at the top of its development agenda. The bank is therefore scaling up support to address climate change, disaster risks, and environmental degradation, elevating its ambition of $100 billion in cumulative climate financing from its own resources to its developing member countries in Asia and the Pacific for the period 2019-2030.
?
News
?
Events
?
Work With Us
SMM | CSR | TSR | IT | Lead Gen | Community Management
1 年One of the most urgent problems of our day is climate change, and Sensibo is working to develop climate technologies with a global impact. Read more: https://bit.ly/3OxaIOt
Policy Engagement Advisor, Oxfam international
2 年Please read Oxfam's response to this article: https://oxfam.medium.com/asian-development-bank-must-live-up-to-its-pledge-90db14a45acf
Finance and Development Manager
2 年great infor
Municipal Services Engineer, Climate Change Professional, English Language &Literature Professional
2 年What kind of initiatives taken by Community groups are supported and encouraged by ADB Regarding Climate Change and are eligible to be considered for funding and loan under COP27?
?Oil & Gas ? Technical Integrity Management ? Discipline Engineering ? Wells ?Decarbonisation??CCS, H2 ?Former General Manager Oil & Gas Upstream, Member of the Executive Team DEM-ERD ? Government of South Australia?
2 年nicely elaborated ??Asian Development Bank (ADB)