Search

Begin New Search Topic Climate Change Author Ede Jorge Ijjasz-Vasquez

1. Climate Adaptation Finance: The Gap Between Needs and Resources Continues to Grow

Author:
Jamal Saghir and Ede Jorge Ijjasz-Vasquez
Publication Date:
01-2024
Content Type:
Policy Brief
Institution:
Institute for the Study of International Development, McGill University (ISID)
Abstract:
Our recent research on the state and trends of climate adaptation finance needs, gaps, and trends globally and in Africa provides new insights that call for greater urgency in adaptation action and financing. The global adaptation funding gap continues to widen because the understanding of needs shows much higher levels of investment required, and the rate of increase of adaptation financing is insufficient. In this policy brief, we review global climate finance trends, the growing funding gap in climate adaptation finance globally and in Africa, financial instruments used for climate adaptation, and challenges and recommendations to improve the tracking of climate adaptation finance.
Topic:
Climate Change, Climate Finance, International Development, Funding, and Adaptation
Political Geography:
Africa and Global Focus

2. Climate Adaptation in Africa: Locally Led and Nature Based Solutions

Author:
Jamal Saghir and Ede Jorge Ijjasz-Vasquez
Publication Date:
01-2023
Content Type:
Policy Brief
Institution:
Institute for the Study of International Development, McGill University (ISID)
Abstract:
Climate change continues to cause damage in Africa. It triggers food insecurity, poverty and displacement. The impacts of climate change are being exacerbated by rapid urbanization, geopolitical tensions, headwinds caused by the invasion of Ukraine and its impacts on agricultural exports and fertilizers. Equally important, inflationary pressures, risks of global and regional economic recession, and unsustainable debt levels for many countries are amplifying the impacts of climate shocks on African economies and communities. Our recent analysis by the Global Center for Adaptation (GCA)1 shows that Africa is ground zero for the climate emergency. The climate is changing, and Africa needs to adapt. It must adapt to rising temperatures, more extreme storms, and floods, rising sea levels, more intense heatwaves, and longer and more severe droughts. However, an enormous funding gap on adaptation is holding Africa back. This policy brief analyses climate adaptation financial flows to Africa and argues that the limited resources available to Africa for adaptation need to be used in the most efficient and productive manner to dampen the combined impacts of climate shocks and economic downturns. Nature-based solutions (NbS) and Locally Led Adaptation programs (LLA) are critical in this respect. Moreover, multilateralism and collaboration between governments, international organizations, international financial institutions, civil society, and the private sector are critical to ensure more support for adaptation in Africa.
Topic:
Climate Change, Development, Food Security, Nature, and Adaptation
Political Geography:
Africa

3. Democratization, Poverty Reduction and Risk Mitigation in Fragile and Post-Conflict States

Author:
Jamal Saghir and Ede Jorge Ijjasz-Vasquez
Publication Date:
01-2021
Content Type:
Policy Brief
Institution:
Institute for the Study of International Development, McGill University (ISID)
Abstract:
The COVID-19 pandemic has caused the most severe recession in recent decades, with a cumulative loss to global GDP of around $9 trillion. Climate disasters continue to affect the most vulnerable populations and countries, affecting more than 50 million people in 2020. Investments in climate adaptation and resilience have been insufficient in recent years. Global investments only reached $30 billion in 2017-2018, against estimated needs in developing countries between $140 and $300 billion per year by 2030. As governments worldwide design and begin implementing post-pandemic economic recovery programs, investments in adaptation and resilience provide a unique opportunity to generate jobs, restart economic growth, and tackle the inequities made more acute by the pandemic. We discuss practical policy and program options to achieve these multiple objectives.
Topic:
Climate Change, Science and Technology, Infrastructure, Investment, Resilience, COVID-19, and Economic Recovery
Political Geography:
Global Focus