ADB, UK study

The Asian Development Bank (ADB) and the Government of United Kingdom are financing a study to help South Asia analyze the costs and benefits of climate change adaptation actions.

ADB is providing a $500,000 technical assistance grant from its concessional funds, and the United Kingdom's Department for International Development will provide a $700,000 grant to lay the groundwork for the study, Regional Economics of Climate Change in South Asia Part II: Adaptation and Impact Assessment. The study follows an earlier assessment of the potentials and costs of adopting cleaner fuel technologies to support low-carbon growth in the region funded by the Australia-ADB South Asia Development partnership facility.

South Asia is vulnerable to climate change. The impact of climate change can already be seen in the greater variability of the monsoon, increased frequency of tropical cyclones, and faster melting of the Himalayan glaciers.