Scaling Up Adaptation Finance in Developing Countries
Challenges and Opportunities for International Providers
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.
Executive summary
Enhanced adaptation action is needed given the increasingly severe impacts of climate change. Particularly, developing countries, confronting challenges from economic disparities to developmental aspirations, are more vulnerable to the amplified threats of changing climate conditions. Achieving enhanced adaptation will require an increase in the overall volume of finance from all sources flowing to adaptation. In addition to this, enhanced efforts are also required to maximise the impact of financial flows and ensure that they reach those who are most vulnerable to climate change.
Also available in: French
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