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