Historically, analysis has focused on the humanitarian and protection concerns of displacement linked to climate change. The ADB want to focus on how development could help people stay where they are, or move in safety to lower risk areas before they are forced to. The development policies that the report recommends are focused on economic growth, using financial markets to manage risk and creating new areas of employment. These policies will, they argue, do two things. Second, creating jobs and economic growth will create opportunities for people to move and find work in lower-risk places. Consequently much analysis is given to migration policies that help people move and find work.
Ending loans to China on the agenda at Fiji meeting. This is the first such meeting to be hosted by one of the ADB's Pacific island members, which are particularly vulnerable to climate change. Tuvalu, which now sits just 3. ADB members also likely will debate how to handle financing for China going forward. Tokyo has pushed the ADB to stop granting new loans to Beijing, and Japanese Finance Minister Taro Aso is expected to stress the importance of abiding by the graduation standard without singling out China by name.
That call could not be more urgent in the Asia-Pacific region, which includes many of the countries most vulnerable to worsening weather conditions and rising sea levels. But the region is also huge polluter. Against this backdrop, Devex spoke with Preety Bhandari, ADB director on climate change and disaster risk management, to discuss how the bank plans to respond to this threat.
This document identifies five key principles and corresponding actions to address climate change impacts on water and land resources in the region, focusing on what to do and why it should be done. It addresses how the recommended actions can be implemented, with a focus on practical solutions illustrated by case studies from Asia and the Pacific. The study takes into account the different scenarios and impacts projected across vulnerable sectors and estimates the total economic loss throughout the 21st century and amount of funding required for adaptation measures to avert such potential losses. It is envisioned to strengthen decision-making capacities and improve understanding of the economics of climate change for the countries in South Asia.