As the global community increasingly experiences the impacts of climate change, the need to scale up financing for adaptation becomes even more important. The substantial gap between the amount of financing required by developing countries to meet their adaptation needs and current levels of investment must be closed if we are to achieve a climate-resilient recovery.
Efforts to scale up finance for adaptation, though, must be undertaken in a strategic manner. They should ensure that limited public sector finance is used in a targeted way to deliver country-defined adaptation priorities and, where possible, crowd-in private sector finance.
This virtual round table will elaborate on the adaptation finance gap in developing countries, identify the knowledge gaps that impede the capacity of developing countries to scale up financing for adaptation, and discuss ways in which these knowledge gaps might be overcome.
Examples will also be shared of the different approaches developing countries are taking to diversify their finance for adaptation and align investments with their national adaptation priorities.
These issues will be explored though this virtual discussion led by the International Institute for Sustainable Development (IISD) in partnership with the International Development Research Centre (IDRC).