The threat of climate change is increasingly evident and its impacts are intensifying. This is particularly the case in developing countries, which is already dealing with a multitude of challenges ranging from economic disparities to developmental goals. Given the scope and urgency of these challenges, the international community has recognized that substantial financial support would be essential to assist developing countries.
This report analyses current trends of adaptation finance provided and mobilized 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 $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.