MIL-OSI Economics: Climate Finance in 2024

Source: Asia Development Bank

Infographic | 14 March 2025

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In 2024, ADB made a commitment for climate finance to reach 50% of its total annual committed financing by 2030, as it progresses towards delivering over $100 billion in cumulative climate finance from its own resources from 2019 to 2030. ADB aims to ensure that 75% of its number of operations (on a 3-year rolling average) will support climate change mitigation and/or adaptation by 2030.

From 2019 to 2024, ADB has already reached $41.9 billion towards this commitment, investing in its operations (including both regular and concessional ordinary capital resources, as well as Asian Development Fund grant resources). This includes $11.1 billion committed in 2024, of which $1.6 billion is non-sovereign financing. From 2022 to 2024, the share of ADB operations supporting climate action has already reached 91%, surpassing the target for the second year in a row.

See databases for climate finance.

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MIL OSI Economics