Most countries in Asia-Pacific require sizeable financing to support climate change adaptation and mitigation, says the United Nations Economic and Social Commission for Asia and the Pacific (Escap), urging domestic collaborations between private financial institutions and project developers to support such needs.
The Accelerating Climate Action in Asia and the Pacific report by Escap indicates that most Asian countries are insufficiently prepared to face extreme weather events and natural disasters, which are exacerbating in degrees and frequency due to climate change.
