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The Climate Action Plan is a strategic initiative by the Asian Development Bank aimed at addressing climate change adaptation. This plan outlines the ADB's commitment to integrate climate change considerations into its operations and support its member countries in enhancing their resilience to climate-related impacts. It focuses on various aspects, such as promoting low-carbon technologies, improving disaster risk management, and facilitating sustainable development pathways.

Through the Climate Action Plan, the ADB actively engages in investments that aim to mitigate climate risks, ensuring that projects are designed to withstand and adapt to changing environmental conditions. This strategic focus aligns with global efforts to tackle climate change and supports the broader objectives of sustainable development in the region.

The other options represent important initiatives or policy frameworks; however, they do not specifically encapsulate the ADB's climate change adaptation strategy in the same comprehensive manner as the Climate Action Plan.