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The adaptation finance gap update

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Author:
A. Olhoff
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Common across the adaptation components in the INDCs is that adaptation and climate resilience is a high priority that is inextricably linked to development.

As a reflection of this,many countries include unconditional commitments linked to national finance but scaling up all sources of finance will be required to bridge the adaptation finance gap in 2020,
2030 and beyond.

The importance of national finance is consistently highlighted in the INDCs, with most developing countries pledging domestic support for adaptation via a range of different mechanisms, including national budgets, insurance, and low-interest loans, as well as the pursuit of a variety of investment strategies, such as the creation of national funds to mobilize additional finance and engage the private sector.