Scott Morris, vice-president for East Asia, Southeast Asia, and the Pacific at the Asian Development Bank, explained the ADB's active role in pushing the climate financing effort and the importance of international collaboration.

The ADB's climate ambition for the next decade means a commitment to $100 billion of direct financing by 2030 to support climate goals.

To be clear, that is working with ADB's members in addressing climate mitigation" he said.

Morris added that equally important for all ADB members are the investments in climate adaptation and resilience, with the latter becoming central to everything, noting that this appears to be a moment for change.