climate impacts of the adb’s business

This report by Friends of the Earth International examines how the Asian Development Bank (ADB) finances projects that contribute to climate change and increase vulnerability in the Asia Pacific region. Through case studies in Sri Lanka, Indonesia, and Bangladesh, the report argues that the ADB's support for fossil fuels and destructive development projects outweighs its climate mitigation initiatives.

• The report claims the ADB lacks effective climate impact assessments in its development decisions, failing to account for geographic, hydrologic, and ecosystem aspects to ensure project viability and 'climate proofing'.
• In Indonesia, ADB lending for aquaculture since the 1980s contributed to the reduction of mangrove forest cover from 2.4 million hectares in 1982 to 1.9 million hectares.
• The ADB provided US$ 30 million for the Tangguh liquid natural gas (LNG) project in West Papua, which the report claims emits 25.57 million tons of CO2 per year, despite the ADB defining LNG as 'clean fuel'.
• In Bangladesh, an ADB-funded Aquaculture Development Project (loan of US$ 15.99 million) contributed to the 'ecocide' of the Chokoria Sundarban, where 800 hectares of mangrove forest were cleared for shrimp culture.
• The report highlights a 'double-standard' where the ADB spends billions on climate change initiatives while simultaneously spending similar or greater amounts on projects that produce greenhouse gases (GHG).
• The report demands that the ADB recognize its 'historical climate debt', stop supporting fossil fuel projects (especially coal mines and power stations), and implement stringent climate impact assessments for all lending.

APA

Friends of the Earth International (2009). climate impacts of the adb’s business. https://www.foei.org/wp-content/uploads/2020/12/FoEAPac-climate.pdf

Chicago

Friends of the Earth International. climate impacts of the adb’s business. 2009. https://www.foei.org/wp-content/uploads/2020/12/FoEAPac-climate.pdf.

Wikipedia

{{cite report |author=Friends of the Earth International |title=climate impacts of the adb’s business |date=August 2009 |url=https://www.foei.org/wp-content/uploads/2020/12/FoEAPac-climate.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{friendsoftheearthinternational2009climate, author = {{Friends of the Earth International}}, title = {{climate impacts of the adb’s business}}, institution = {Friends of the Earth International}, year = {2009}, month = aug, url = {https://www.foei.org/wp-content/uploads/2020/12/FoEAPac-climate.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }