Asia has received the most international climate finance to date, largely for mitigation activities. It is home to some of the fastest growing economies in the world, as well as some of its poorest countries, and hundreds of millions of poor people.
China and India both receive and spend the largest amount of climate finance globally, whereas the region’s most vulnerable countries, particularly the small Pacific Island states, receive very little funding.
The Multilateral Development Banks, led by the World Bank Group and the Asian Development Bank, and acting mainly through the Climate Investment Funds and the Global Environmental Facility, are major players in the delivery of climate finance in the region. Japan, Australia, Germany and the US are also active through bilateral channels.
A major challenge for the countries of Asia and the Pacific remains how to allocate the resources raised effectively and equitably both between and within countries.
The content on this page is taken from the Climate Finance Fundamentals publication series. Download the 'Regional Briefing - Asia and the Pacific':