Asia–Pacific climate report 2024-catalyzing finance and policy solutions

The report highlights the region's climate vulnerability, provides updated estimates of the potential impacts and costs of climate change, and proposes priority actions to accelerate adaptation progress. Policy options for governments to mobilize more private climate capital for both adaptation and mitigation are distilled. Finally, the report identifies how governments in the region can move toward more effective carbon pricing mechanisms to efficiently reduce emissions.

Key recommendations are as follow:

• Urgent, coordinated adaptation measures across sectors to address climate impacts in Asia-Pacific.
• Enhance climate risk assessment and communication to guide decisions across government and private entities.
• Integrate adaptation into national development plans for climate-resilient growth, focusing on water, agriculture, and social protection.
• Expand financing for climate adaptation through blended finance models to bridge funding gaps and ensure long-term resilience.
• Strengthen institutional capacity, implement market reforms, and foster public-private partnerships for sustainable climate adaptation investments.