Headway for adaptation
The need for adaptation is big, and still growing. Governments and non-state actors must come together, and explore possibilities for how to close the adaptation finance gap
This should include scaled up adaptation finance, in the form of grants, but it could also include reform of the international finance institutions, reallocation of climate harming subsidies, leveraging of private investments and innovative finance mechanisms, such as debt for resilience swaps and channeling of international levies to support adaptation. The time is running out, and every opportunity to move this agenda forward must be taken. The climate summit, COP28, will be a major next step.
This paper has been written based on input and contributions from Paul Watkiss, Paul Watkiss Associates, Anne Olhoff, CONCITO, Mattias Söderberg, DanChurchAid, and Cristina Rumbaitis del Rio, UN Foundation.
Relaterede emner
