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.
Ways forward: Assessing the timescale and impact of actions to scale up adaptation finance
This final chapter highlights ways forward for international providers across the five areas explored in Chapter 4, with a focus on how quickly different actions might take effect and the extent to which they will impact adaptation finance levels. The urgency to increase adaptation action and the multitude of challenges to be addressed to do so imply that international providers must prioritise how, when and which options they consider to meaningfully scale up adaptation finance and unlock additional private finance. As such, the chapter underscores that while enhancing the quantity of finance for adaptation is essential, it is also important to consider the qualitative impact and broader effectiveness of those resources.
- Click to access:
-
Click to download PDF - 513.23KBPDF