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ADB’s Climate Change
Program
Media Leaders Forum
7 December 2011, Singapore
Robert van Zwieten
Director
Capital Markets and Financial Sectors Division
Private Sector Operations Department
Asian Development Bank
‘Prediction is very difficult,
especially about the future.’
Niels Bohr, Danish physicist (1885 - 1962)
Outline
 About ADB
 Overview of Climate Change Challenges in
Asia-Pacific
 ADB’s Response: Strategy and Actions
ADB Basics
 The Asian Development Bank (ADB):
– Multilateral development finance institution established in 1966
– Poverty reduction is overarching mandate
– Provides financial and technical assistance
– 67 members – 48 of which are from Asia and Pacific region
– 2008-2010 approved financing:$11 to $16 billion/year
 ADB’s strategic agenda (Strategy 2020):
– Inclusive economic growth
– Environmentally sustainable growth (environment including
climate change: one of five core areas of operations)
– Regional integration
Most Affected Asian Countries by
Climate-Related Threats
Droughts
Floods
Storms
Sea Level rise (1m)
Agriculture
Malawi
Bangladesh
Philippines
low-lying Island States
Sudan
Ethiopia
China
Bangladesh
Vietnam
Senegal
Zimbabwe
India
Madagascar
Egypt
Zimbabwe
India
Cambodia
Viet Nam
Tunisia
Mali
Mozambique
Mozambique
Moldova
Indonesia
Zambia
Niger
Laos
Mongolia
Mauritania
Morocco
Mauritania
Pakistan
Haiti
China
Niger
Eritrea
Sri Lanka
Samoa
Mexico
India
Sudan
Thailand
Tonga
Myanmar
Malawi
Chad
Viet Nam
PRC
Bangladesh
Algeria
Kenya
Benin
Honduras
Senegal
Ethiopia
Iran
Rwanda
Fiji
Libya
Pakistan
Note: The typology is based on both absolute effects (e.g., total number of people affected) and relative
effects (e.g., number affected as a share of GDP). Source: IPCC data
Developing Asia’s Share in Global
Energy-Related CO2 Emissions
Rest of
67%
the
World
Rest of
55% the
World
Developing Asia
33%
45%
2008
2030
Actual (World)
Projection (World)
Total = 29,260 Mil tons CO2
Total = 40,009 Mil tons CO2
Data Source: IEA World Energy Outlook 2010
ADB’s Response:
Climate Change Strategic Priorities
Finance
Modalities
Knowledge
Partnership
Priorities
Scaling-up Clean Energy
Encouraging Sustainable Transport and Urban Development
Managing Land Use and Forests for Carbon Sequestration
Promoting Climate-resilient Development
Strengthening Policies, Governance and Capacity
ADB Climate Change Projects
Key Initiatives
 Clean Energy
–
–
–
–
$1.76 billion 2010 investments; $2 billion target by 2013
Asia Solar Energy Initiative: 3,000 MW by 2013
Quantum Leap in Wind: 1 GW by 2016
Energy for All: 100 million poor by 2015
 Sustainable Transport and Urban Development
– Sustainable Transport Initiative
– Cities Development Initiative for Asia
– Urban Operational Plan
 Land Use/Forest for Carbon Sequestration
– Piloting REDD/Forest Investment Program: e.g. Indonesia and
Lao PDR
Key Initiatives
 Mainstreaming climate resilience in core development
planning
– Pilot Program on Climate Resilience for Bangladesh, Cambodia,
Nepal, Tajikistan and the Pacific
 Increasing resilience of vulnerable sectors
(e.g. agriculture, water, energy, transport)
 Climate proofing vulnerable projects
 Addressing social dimensions: e.g. climate-induced
migration, health impacts
Finance
 Mobilizing concessional resources
– Internal funds: Climate Change Fund, Clean Energy Financing
Partnership Facility
– External funds: CIF, GEF
 Maximizing market mechanisms
– Carbon Market Program: upfront carbon finance and technical
assistance
 Catalyzing private capital
– Direct project finance (lending, guarantees)
– Equity investments
Leveraging Private Capital for Technology
Innovation and Diffusion
 Asia Climate Change and Clean Energy Venture Capital
Initiative: $60 million equity investments
 Pilot Climate Technology Finance Center
–
–
–
–
Technology mainstreaming in development plans
Technical support for projects on climate technology
Advisory assistance to venture capital funds
Marketplace for low-carbon technologies
 “Private Equity Fund”
Knowledge and Partnerships
 Finance
– CIF, GEF (with MDBs and Donor Partners)
 Knowledge and Outreach
– Asia Pacific Adaptation Network (with UNEP)
– Multimedia campaign (with Asia Pacific
Broadcasting Union)
– Asia Clean Energy Forum, Urban Forum,
Transport Forum (with several partners)
– Studies on
• economics of climate change (with UK)
• agriculture (with IFPRI),
• Energy (with TERI)
• migration (with University of Adelaide),
• climate impacts on coastal megacities (with WB, JICA)
Pushing the Innovation Frontier
UNFCCC “Bali Building Blocks” …
and IFI/MDB relevance today
Mitigation
Finance
Technology
International
Finance
Community
Adaptation
Thank You
Thank You