| Project Detail |
In supporting Asia and the Pacific region to combat climate change, ADB in 2021 announced its ambition to provide $100 billion in cumulative climate finance from its own resources by 2030, including $34 billion in cumulative adaptation finance. ADB has also committed to aligning its operations with the goals of the Paris Agreement, and to ensure that all project activities advance low-carbon and climate resilient-development pathways as stated in the Paris Agreement goals. Meanwhile, ADBs guidance documents in dealing with the COVID-19 pandemic and in promoting Livable Cities also outline climate resilience as one of the pillars to build back better and to ensure inclusive, healthy, environmentally sustainable, and resilient cities. As a continuation of the support through UCCRTF, this TA will strengthen ADBs increased climate resilience ambition.
In supporting Asia and the Pacific region to combat climate change, ADB in 2021 announced its ambition to provide $100 billion in cumulative climate finance from its own resources by 2030, including $34 billion in cumulative adaptation finance. ADB has also committed to aligning its operations with the goals of the Paris Agreement, and to ensure that all project activities advance low-carbon and climate resilient-development pathways as stated in the Paris Agreement goals. Meanwhile, ADBs guidance documents in dealing with the COVID-19 pandemic and in promoting Livable Cities also outline climate resilience as one of the pillars to build back better and to ensure inclusive, healthy, environmentally sustainable, and resilient cities. As a continuation of the support through UCCRTF, this TA will strengthen ADBs increased climate resilience ambition.
Project Rationale and Linkage to Country/Regional Strategy The TA will help implement Strategy 2030s Operational Priority 4: Making Cities More Livable by supporting the integration of URTF principles into ADB operations.14 The URTF principles recognize infrastructure resilience, ecological resilience, social and institutional resilience, and financial resilience as four pillars of building urban climate and disaster resilience. These four principles, also reflected in seven URTF thematic areas,15 contribute to promoting a cross-sector and thematic way of doing business aligned with the One ADB approach, which promotes collaboration across sectors, themes, and departments. This TA will mobilize a team of experts to work under the guidance of URTFs Governance Structure (including Urban Infrastructure Working Group and Urban Infrastructure Steering Committee), operations departments, and sector and thematic groups (STGs) to identify resilience focused entry points for all outputs. A core group from these experts will, among other technical work, provide secretariat support to URTF management. |
