The Climate Finance gap in Asia 🌱📉

The Asian Development Bank (ADB) recently sounded the alarm about a major funding shortfall in Asia’s climate adaptation efforts. The region requires between $102 billion and $431 billion annually from 2023 to 2030 to support projects aimed at mitigating climate risks.

However, only $34 billion was committed in 2022, highlighting a vast gap. While this poses challenges, it also presents a unique investment opportunity for those looking to support sustainable growth in Asia.