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The Asian Development Bank (ADB) is set to establish a pioneering ASEAN Climate Finance Policy Platform aimed at bolstering the fight against climate change in Southeast Asia. Announced by ADB President Masatsugu Asakawa, the initiative seeks to empower finance ministry leaders within the ASEAN region to enhance collective climate action efforts.

During the inaugural session of the High-Level Policy Dialogue on the margins of the 11th ASEAN Finance Ministers and Central Bank Governors’ Meeting, Asakawa highlighted the critical urgency of climate change issues in Southeast Asia. He emphasized that the newly proposed platform would play a crucial role in reinforcing economic and fiscal strategies to combat climate challenges in the area.