MANILA: The Asian Development Bank (ADB) said on Monday it will allot $10 billion in climate finance for the Philippines between 2024 and 2029. The funds will help the Philippines implement its commitments to climate action under the Paris Agreement, the ADB said in a statement during the COP28 climate summit in Dubai. ADB said the funding forms part of the multilateral lender's new programme being developed for the Philippines to support low-carbon transport, renewable energy, the development of carbon markets, flood management, resilient coastal development, food security, and adaptive health and social protection.