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BRIEF May 27, 2022

Climate and Development in East Asia and Pacific Region

EAP Climate and Development 2

Climate change poses major challenges to environmental stability, economic growth and human development in the East Asia and Pacific region. The region includes 13 of the 30 countries most vulnerable to the impacts of climate change, and without concerted action, the region could see an additional 7.5 million people fall into poverty due to climate impacts by 2030. 

East Asia and Pacific is also critical to global efforts to combat climate change. The region accounts for one-third of global greenhouse gas emissions and 60 percent of the world’s coal consumption. The good news is that the region is also uniquely placed to act. All countries in the region have made NDC pledges, and many of the largest economies in the region have recently made ambitious commitments to reduce emissions and achieve carbon neutrality.


EAP Climate and Development finance

The World Bank has been a longstanding partner for the region on climate change - researching, producing knowledge, collecting data, providing finance, and helping lay the groundwork for significant actions that reduce GHG emissions, improve climate resilience, and prepare for - and respond to - natural disasters. 


Learn more about how the World Bank is stepping up climate action in East Asia and Pacific


Climate News

Tuvalu ocean

Tuvalu’s Harbors Set for Major Upgrade

New AU$62.6 million (US$46.5 million) project – the largest ever World Bank project in Tuvalu – will improve the resilience and safety of harbors, roads and infrastructure vital for delivering essential cargo and services.
Yellow river

New Program will Reduce Water Scarcity, Protect Ecosystems in China’s Yellow River Basin

The World Bank’s Board of Executive Directors approved a US$380 million loan to help address water scarcity and ecosystem degradation in China’s Yellow River basin.
Philippines river

WB Approves Credit Line for Managing Risks from Climate Change, Natural Disasters and Disease Outbreaks

The Fourth Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option (CAT-DDO 4) provides US$500 million funding that the Philippines can quickly tap to manage financial impacts brought about by disasters and disease outbreaks.

Climate Reports

Bangui Wind Farm at Ilocos Norte, Philippines

Offshore Wind Roadmap for the Philippines

Analysis of a high growth scenario suggests that offshore wind may help the Philippines avoid 200 million tons of CO2 emissions by 2040, helping the country achieve its decarbonization goals.
Solar panels in VIetnam

No Time to Waste : The Challenges and Opportunities of Cleaner Trade for Vietnam

The country aims to increase the share of clean energy in its total primary energy supply to at least 20 percent by 2030 and 30 percent by 2045 and has pledged to phase out coal-fueled power generation and made a commitment to reach net zero emissions by 2050.
Tonga

Tonga Global Rapid Post-Disaster Damage Estimation (GRADE) report

The Tonga Hunga-Tonga-Hunga-Ha’apai volcanic eruption, tsunami and ashfall has caused an estimated US$90.4M (TOP 208 million) in damages – the equivalent of approximately 18.5% of Tonga’s Gross Domestic Product (GDP).

Climate stories & voices

Huan Ni, Founder of a Chinese environmental organization called Green Light-Year
Feature story

Creating a Sustainable Tomorrow in China

"China has demonstrated a strong sense of responsibility by introducing and enforcing powerful climate policies with commitments to curtail climate change" says Huan Ni, founder of a Chinese environmental organization called Green Light-Year.
Skyline of Ho Chi Minh City, Vietnam
Blog

The next stage of Vietnam’s development journey

"Vietnam’s leadership has set ambitious goals, which include reaching upper middle-income status by 2035, high-income status by 2045 and achieving net zero carbon emissions by 2050," says East Asia and Pacific's VP Manuela V. Ferro.
mount kerinci, jambi, Indonesia
Blog

How Jambi Province Could Become the Role Model of Sustainable Landscapes in Indonesia

From land governance to carbon payments, Jambi has the potential to be an example of successful integrated landscape management taking place in real-time.
Vietnam
Feature story

Carbon Pricing Aids Vietnam’s Efforts Towards Decarbonization

Vietnam’s rapid economic growth and its increasing energy demand have led to an exponential increase in GHG emissions, leaving the country with the second highest air pollution levels in Southeast Asia in 2019.


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