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Home » Asia Pacific tops ADB list for disaster-prone regions in the world

Asia Pacific tops ADB list for disaster-prone regions in the world

Asia Pacific tops ADB list for disaster-prone regions in the world

The region is both a high contributor to global greenhouse gas accumulation and a casualty of the impacts of climate change natural calamities, says ADB’s Independent Evaluation Department (IED)

The effects of climate change have been severe for countries in the Asia and Pacific region and the Asian Development Bank (ADB) should take a stronger leadership role in this regard, opined a recent report.

The countries in this region have the highest estimated disaster risk levels in the world, disclosed the report prepared by the regional lender's Independent Evaluation Department (IED) on Monday.

The region is both a high contributor to global greenhouse gas accumulation and a casualty of the impacts of climate change and weather-related calamities, it added.

The report – which comes during the weeks leading to the COP 26 United Nations Climate Change Conference – found that ADB's support to developing member countries (DMCs) on climate mitigation and adaptation from 2011 to 2020 has been relevant in its intent and that institutional ambitions have increased, but noted that ADB is not fully leveraging its potential to play a stronger leadership role in the region.

In 2015, total 195 countries committed to make changes intended to limit global warming below 2°C higher than the pre-industrial era to avoid a climate catastrophe.

Multilateral development banks, including ADB, have committed to support the Paris Agreement but are faced with challenges associated to the increased pace of emissions and serious global financing gaps.

"ADB has strongly supported its DMCs by doubling its climate finance since 2015 and this support has led to significant gains on mitigation, but results have been limited on adaptation," said ADB Director General for Independent Evaluation Marvin Taylor-Dormond.

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