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According to the Bank’s website, in Southeast Asia, transboundary climate risks (TCRs) are reshaping the region's understanding of climate vulnerability and how this affects food systems. These risks challenge traditional national-level approaches and underscore the need for coordinated regional cooperation that adopts a system-level perspective extending beyond national boundaries. A regional approach addressing Transboundary Climate Risks (TCRs) is needed. One of the early opportunities identified is for ADB to design a potential regional investment preparation facility under the Climate Adaptation Investment Planning (CAIP) Program to support countries strategically mobilize adaptation investments in the agri-food system. A small-scale TA of $225,000 will be financed on a grant basis by ADB's Technical Assistance Special Fund (TASF-other sources).
In recent years, there has been growing recognition of the importance of adaptation, reflected in the development of national adaptation plans, the climate-proofing of infrastructure, and, in some cases, dedicated public and private investments in adaptation. While encouraging, these actions remain limited compared to the scale of climate risks. Investments tend to be small-scale, fragmented, and rarely system wide. A regional approach that explicitly considers TCRs is needed.
The TA financing amount is $225,000, which will be financed on a grant basis by ADB’s Technical Assistance Special Fund.
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