Financing Climate Change Adaptation: International Initiatives

Climate change adaptation is one of the main strategies to address global climate change. The least developed countries and the small island states that lack financial resources to adapt to climate change are the most vulnerable nations to climate change. Although it would be more economical to adap...

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Bibliographic Details
Published in:Sustainability 2021-06, Vol.13 (12), p.6515
Main Author: Timilsina, Govinda R.
Format: Article
Language:English
Subjects:
Adaptation
Climate change
Climate change adaptation
Cost control
Developed countries
Developing countries
Economic growth
Emissions
Estimates
Funding
Industrial plant emissions
Infrastructure
International finance
LDCs
Private sector
Sustainability
Urbanization
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Summary:Climate change adaptation is one of the main strategies to address global climate change. The least developed countries and the small island states that lack financial resources to adapt to climate change are the most vulnerable nations to climate change. Although it would be more economical to adapt to climate change compared to the anticipated damage of not doing so, the demand for capital is estimated to range to hundreds of billions. The crucial question is how to manage investments to adapt to climate change globally. This study provides an overview of existing international provisions on climate finance for adaptation. It includes provisions through international financial institutions, United Nations agencies, bilateral and multilateral channels, and the private sector. It also explores how private sector finance can be further attracted to invest in climate change adaptation.
ISSN:2071-1050
2071-1050
DOI:10.3390/su13126515