Scaling up Adaptation Finance in EMDEs for Agri and Farm Communities
Adaptation finance goes beyond business-as-usual, incorporating the possible effects of climate change into the design of an activity. Despite emerging as a pressing priority, the flow of adaptation finance still needs to be improved. As of December 2022, only 14% of global climate finance targeted pure adaptation. For developing countries, international adaptation finance flows are 5 to 10 times below estimated needs, with annual costs reaching up to USD 340 billion by 2030. Especially for agriculture and farm sectors, which require a nearly 26-fold increase in annual funding. Only a few financing models have been successful, which stems from the localized nature of adaptation solutions. Unlike mitigation measures, adaptation measures must be tailored to specific ago-climatic zones, which strongly influence socio-economic growth and development in EMDEs.
The objective of this webinar is to understand what is working and what is not working when it comes to:
- Scalability of adaptation finance
- Mobilizing the quantum of finance required from commercial sources
- Creating bankable and viable projects that are replicable and with impactful/ multiple adaptation outcomes
- Innovative financial mechanisms other than blended finance