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Scaling Up Adaptation Finance in Developing Countries

Challenges and Opportunities for International Providers

image of Scaling Up Adaptation Finance in Developing Countries

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.

English

Framing of adaptation finance

As the impacts of climate change grow more severe and frequent, greater adaptation action is increasingly urgent. International providers have a pivotal role in providing and mobilising finance flows to support adaptation in developing countries, which often lack resources and capacity to undertake adaptation measures. This chapter provides an overview of key international policy context and developments, methodological challenges in accounting for adaptation finance, various sources, mechanisms, and instruments of adaptation finance, as well as both adaptation-related financing needs and tracked finance flows. Such an overview intends to motivate the need to better identify challenges and opportunities for scaling up adaptation finance and improving its effectiveness.

English

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