Greening the Financial System: Climate Financial Risks and How ADB Can Help

This report outlines the opportunities for the Asian Development Bank (ADB) and other multilateral development banks to help make financial markets in Asia and the Pacific more resilient to climate risk and support the transition to a low-carbon economy. To explain how ADB can play a catalytic role in greening the financial system, this report sets out policy options, assesses the bank’s strategic operational priorities, and considers implementation challenges. It also analyses ways ADB can scale up green financing and help financial authorities in developing member countries manage climate risk, to show how early policy decisions can reduce the impact on regional economic growth.