Scaling Up Adaptation Finance in Developing Countries
Challenges and Opportunities for International Providers
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This report analyses current trends of adaptation finance provided and mobilised by developed countries for developing countries. It explores potential action areas for international providers to scale up funding for climate change adaptation, including by unlocking the potential of the private sector. The analysis is anchored in the context of the USD 100 billion climate finance goal, initially set for 2020 and extended to 2025, while also providing insights to the broader and longer-term objective of supporting developing countries’ ability to adapt to the adverse impacts of climate change.
Foreword
The threat of climate change is increasingly evident, and its impacts are intensifying. This is particularly the case in developing countries, which, already dealing with a multitude of challenges ranging from economic disparities to developmental goals, now face an augmented threat from unpredictable sea levels, changing weather patterns, and compromised natural resources. The repercussions of a changing climate do not just threaten their ecosystems, but also amplify the challenges of socioeconomic development and poverty eradication. Given the scope and urgency of these challenges, the international community recognised that substantial financial support would be essential to assist developing countries. Notably, international providers remain central in contributing to scaling up and mobilising finance for adaptation activities and increased climate resilience in developing countries.
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