Climate Finance
Adapting to a warming world is likely to require vast amounts of financial resources. While estimates vary on the exact figures needed, mobilizing, allocating, and effectively utilizing climate finance remains one of the central challenges to implementing the Paris Agreement.
Adaptation finance flows through a highly complex network of actors, including bilaterally between nations, via multilateral climate funds and development banks, as well as from private sector actors. Each type of flow has unique policy and governance challenges, and effectively tracking or monitoring climate finance can be extraordinarily difficult.
At the same time, under the auspices of the United Nations Framework Convention on Climate Change (UNFCCC), developed nations have agreed to provided $100Bn USD of climate finance annually to developing countries, balancing both mitigation and adaptation needs. Significant efforts are underway to build climate finance readiness, prepare project pipelines focused on the particularly vulnerable, and begin to monitor and evaluate the impacts of adaptation finance after it has been disbursed.
This theme captures the wide array of issues associated with adaptation finance and highlights the experiences of researchers, policy-makers, and practitioners as they work toward building resilience and transforming our societies around the globe.
