ADB has been taking action on climate change for over 2 decades, establishing and leveraging additional sources of financing, delivering innovative and effective investments, and contributing to a better understanding among its DMCs of the impact of climate change and the actions that must be taken to adapt to and mitigate its impact.
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NDCs are where countries set targets for mitigating the greenhouse gas emissions that cause climate change and for adapting to climate impacts. The plans define how to reach the targets, and elaborate systems to monitor and verify progress so it stays on track. Since climate finance is key to implementing the plans, NDCs ideally also detail a financing strategy.
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