The fiscal risks of climate change facing countries in Asia and the Pacific are immense. Climate-related weather disasters and public spending on the climate change mitigation and adaptation investments needed to avoid worst case climate scenarios and protect livelihoods are placing a significant strain on public finances. But governments in Asia and the Pacific are already taking wide-ranging measures to proactively address these risks. Countries are analyzing the impact of climate change risks on their macroeconomic frameworks, their finance sectors, and the sustainability of their public finances, as well as the suitability of disaster risk financing instruments depending on their economic conditions. Governments are using these analyses to build in fiscal buffers, better align fiscal frameworks with climate targets, and strengthen public financial management practices more broadly.