The Asian Development Bank ( ADB ) has announced that it will provide $ 6bn a year to help finance projects in Asia - Pacific countries that will help mitigate the impacts of climate change , which include floods and droughts which are destroying ecosystems . ABD reports that South Asia could lose 8.8 % of its annual GDP by 2020 and Southeast Asia could lose 6.7 % of its GDP a year , if methods﻿﻿ to reduce the impacts of climate change are not implemented . $ 4bn of the funds will be used to generate renewable energy , improving building energy efficiency , as well as a more sustainable transport system . The additional $ 2bn will be used to build a more secure infrastructure in preparation for climate related weather .
The Asian Development Bank (ADB) has announced that it will provide $6bn a year to help finance projects in Asia-Pacific countries that will help mitigate the impacts of climate change, which include floods and droughts which are destroying livelihoods. ABD reports that South Asia could lose 8.8% of its annual GDP by 2100 and Southeast Asia could lose 6.7% of its GDP a year, if methods﻿﻿ to tackle the impacts of climate change are not implemented. $4bn of the funds will be used to finance renewable energy, improving building energy efficiency, as well as a more sustainable transport system. The additional $2bn will be used to create a more secure infrastructure in preparation for climate related weather.