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Case study

ADB integrates Climate Risk Management Framework throughout operations

ADB formalized a climate risk management framework in March 2014 to address climate risks to project performance. All ADB projects are now screened for climate risks at early stages of project concept development and a climate risk and vulnerability assessment is carried out during the preparation of projects at risk. This approach is seamlessly integrated in the…
Key points
  • Risks need to be identified at the early phase of project preparation.
  • Capacity building to interpret and use climate information for decision-making is needed.
  • Financial resources to meet the incremental cost of adaptation are important. Vulnerability assessment can be undertaken within a reasonable timeframe and limited resources.
  • Adaptation is not cost neutral but may not necessarily be expensive and a large menu of adaptation options are available—engineering and non-engineering.