THE STATE OF GLOBAL AIR QUALITY FUNDING 2024

• Funding for projects with air quality co-benefits that do not explicitly target air quality but that are likely to improve air quality outcomes through planned activities (hereafter referred to as funding with air quality co-benefits).ii Both these types of funding are important components of the air quality landscape. [...] • The Asian Development Bank (ADB) launched the Asia Clean Blue Skies Programme in 2022 with $1.5 million for the first phase.20 The programme seeks to build the capacity of ADB recipient countries in designing and implementing air quality improvement solutions, and scaling up financing for air quality in the region.21 The programme would also develop air quality monitoring networks, train air qua. [...] The State of Global Air Quality Funding 2024 31 This section analyses the sub-set of international development funding flows that address both air quality and climate, henceforth referred to as air quality and climate funding. [...] FIGURE 3.1: RELATIONSHIPS BETWEEN AIR QUALITY FUNDING AND CLIMATE FUNDING Air quality Climate and Overall air funding climate quality funding funding BETWEEN 2018 AND 2022, 84% OF OVERALL AIR QUALITY FUNDING ($94 BILLION OUT OF $112 BILLION) WAS DIRECTED TO PROJECTS THAT ALSO ADDRESSED CLIMATE CHANGE. [...] The State of Global Air Quality Funding 2024 32 FIGURE 3.2: AIR QUALITY AND CLIMATE FUNDING AS A SHARE OF OVERALL AIR QUALITY FUNDING, 2018–2022 ($ BILLION) $ billion 35 31.7 30 24.7 25 23.3 21 20 15 11.2 10 5 0 2018 2019 2020 2021 2022 Other air quality funding* Air quality and climate funding *'Other air quality funding’ refers to air quality funding that does not address climate change.