Energy accounts 44% of ADB climate finance in 2020
Total climate finance in 2020 reached $5.3 billion consisting of ADB resources and co-financing, falling from $7 billion in 2019. The share of climate investments in energy across energy, multisector and other sector’s projects is 44%. A large part of these investments or 96% came from mitigation projects committed in 2020. Adaptation finance in energy accounted for 4%. Apart from having the biggest share in the total climate finance committed in 2020, climate finance in energy also increased from $1.7 billion in 2019 to $2.3 billion in 2020.