Climate Finance Regional Briefing: Adaptation Finance
Meeting the costs of adaptation to climate change in developing countries is a major challenge for the international community; studies suggest that developing countries' needs for adaptation actions may be in the range of $100 billion – $450 billion a year (Montes 2012; CFU 2012). CFU data suggest that the largest sources of disbursed funding for adaptation projects are currently the EU’s Global Climate Change Alliance, the Least Developed Countries Fund, and the Special Climate Change Fund, although the Adaptation Fund and the Pilot Program for Climate Resilience of the World Bank’s Climate Investment Funds have added substantially to the financing amounts approved for adaptation projects. Nevertheless, major challenges remain in generating sufficient funding for adaptation, which remains seriously underfunded, and directing it to those countries most vulnerable to the impacts of climate change, as well as to the most vulnerable people and population groups within recipient countries.
| Climate Finance Regional Briefing: Adaptation Finance | |
| Editor | |
| Place of publication | |
| Date of publication | October 2012 |
| Pages | |
| ISBN | -- |
| Service charge | Free of charge |
