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Fiscal Risks of Climate Change: Sources and Practical Solutions
ADB
2024.01.22
As climate change poses a growing fiscal risk to Asia and the Pacific, policymakers need to better analyze the challenges, devise practical solutions, and attract private funding to strengthen climate-resilient fiscal management.
Highlighting the region’s vulnerability, this brief shows how public finances will come under increasing pressure from the impact of extreme weather events alongside higher adaptation and mitigation costs. It explains how policymakers can optimize public and private resources, identify climate financing gaps, and monitor investments in low-carbon, climate-resilient infrastructure to better manage looming fiscal threats.