1. Making Migration Work for Adaptation: Classifying Remittances as Climate Finance
- Author:
- Samuel Huckstep and Jonathan Beynon
- Publication Date:
- 10-2024
- Content Type:
- Policy Brief
- Institution:
- Center for Global Development (CGD)
- Abstract:
- Labour migration programmes targeted towards climate-vulnerable populations can provide transformative finance, raising household incomes and allowing adaptation. Current flows of adaptation finance are highly insufficient. Mobilisation of private adaptation finance is very low, despite commitments to increase mobilisation. Targeted labour migration programmes can leverage private adaptation finance at a high level of efficiency. Incentivising the selection of migrant labour from communities most vulnerable to climate change by counting a portion of their remittance flows as mobilised private climate finance may therefore have significant benefits.
- Topic:
- Climate Change, Development, Migration, Adaptation, and Remittances
- Political Geography:
- Global Focus