ESG Post

In Brief

ADB, University of Chicago partner to reduce climate change impact

The Asian Development Bank (ADB) and the University of Chicago’s Development Innovation Lab (DIL) have signed a knowledge exchange arrangement aimed at scaling up innovations to mitigate the impacts of climate change on agriculture in Asia and the Pacific. The agreement focuses on promoting climate adaptation strategies in low- and middle-income countries within the region.

Senior Director Qingfeng Zhang from ADB’s Agriculture, Food, Nature, and Rural Development Sector Group, along with Nobel Laureate Michael Kremer, representing DIL, and the Office of the Provost at the University of Chicago, were the signatories of the cooperation arrangement.

The overall objective is to inform the scale-up of climate-resilient, evidence-based investments in the field of agriculture; improve farmers’ access to accurate climate services and weather forecasts; and raise global awareness of digital innovation in climate services to improve food security. The collaboration will also explore other innovation domains, including the use of digital agriculture services, innovations to optimise fertilizer use, and interventions to reduce methane emissions from livestock.