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ADB at COP28

As Asia and the Pacific's climate bank, ADB is scaling up climate finance and introducing innovative solutions to cut greenhouse gas emissions and invest in climate adaptation in the region.

ADB at COP28

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In the Spotlight

  • | News Release

    ADB and Partners Launch Nature Financing Initiative for Asia and the Pacific

    ADB today launched a Nature Solutions Finance Hub for Asia and the Pacific at COP28 which aims to attract at least 2ドル billion into investment programs that incorporate nature-based solutions, particularly focused on capital markets and other sources of private capital.
  • | Speech

    Unpacking Political and Financial Commitments - Fatima Yasmin

    Remarks by Fatima Yasmin, ADB Vice-President for Sectors and Themes, at the COP28 Health Day Opening: Unpacking Political and Financial Commitments, 3 December 2023, Dubai, United Arab Emirates
  • | News from Country Offices

    ADB, Indonesia Launch Net Zero Strategy for New Capital City

    ADB is supporting the development of a Net Zero Strategy for Indonesia’s new capital city, Nusantara, which was launched today on the sidelines of COP28 in Dubai. The Strategy serves as a "compass" for the Nusantara Capital Authority (NCA) in planning, developing, and managing the city to achieve carbon neutrality by 2045.
  • | Statement

    COP28 Multilateral Development Banks (MDB) Joint Statement

    The climate crisis is rapidly worsening with increasingly severe and visible social, environmental, and economic impacts across the world. The window of opportunity to secure a liveable and sustainable future for all is rapidly closing. Recognizing the interlinkages between the triple planetary crises of climate, nature, and pollution, achieving the Sustainable Development Goals, the goals of the Paris Agreement and the Kunming–Montreal Global Biodiversity Framework (GBF) requires all of us to step up our efforts with urgency and scale.
  • | News Release

    New Agreement Aims to Retire Indonesia 660-MW Coal Plant Almost 7 Years Early

    The 660-megawatt coal plant Cirebon-1 in Indonesia will likely be retired almost 7 years earlier than scheduled as a result of discussions with the plant’s owners and the Government of Indonesia under the Energy Transition Mechanism program of ADB.
  • | Speech

    Launch of the Building Adaptation and Resilience in the Hindu Kush Himalayas Initiative at COP 28 - Woochong Um

    Opening remarks by Woochong Um, ADB Managing Director General, at the launch of the Building Adaptation and Resilience in the Hindu Kush Himalayas Initiative at COP 28, 3 December 2023, Dubai, United Arab Emirates

Key Figures in the Fight Against Climate Change

  • 1.5° celsius

    Paris Agreement goal is to limit global warming to well below 2°C, pursuing efforts to below 1.5°C, compared to pre-industrial levels

  • 55% of the world

    Committed to meet Paris Agreement target

  • $100 billion / year

    Commitment by developed countries for climate finance by 2020

  • $140-300 billion / year

    Global estimates for adaptation financing by 2030

  • 75% of ADB operations

    Supporting climate action by 2030

Climate Solutions Audio Blogs

On the move? Listen to straight talk from development experts in audio format.

About ADB

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet.

Founded in 1966, ADB is owned by 69 members—50 from the region.

Headquarters

6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines


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