CFU data shows that for 18 countries in Asia a total of USD 4.5 billion for 453 projects and programmes have been approved by 18 multilateral climate funds and initiatives. The diversity of active funds in the region is not matched in the distribution of finance. Considerable amounts of finance have flowed to fast-growing economies such as India and Indonesia, primarily for mitigation projects. On the other hand, a number of nations at considerable risk to climate change, such as
Sri Lanka, have received relatively little. This year saw USD 749 million in new approvals, with over half programmed for mitigation, largely through the Green Climate Fund (GCF). The GCF did, however, approve one adaptation project for the region and four multi-foci ones in addition to these five mitigation projects,
totalling USD 619 million in 2018.
This is a 2018 update of Climate Finance Fundamentals Brief #8.