Reducing the vulnerability of local communities exposed to climate change by increasing the volume and effectiveness of finance directed towards adaptation.
Governments in developed and developing countries are recognizing that climate change is already upon us and is affecting the economic and social development of vulnerable communities. In response, national governments are developing policies and financial management systems to allocate and manage adaptation finance. Too often, the effects of climate change are experienced unevenly, with poor rural areas most in need of financial support to strengthen their resilience to climate change. We explore whether national finance systems are designed in such a way that countries can access international adaptation finance, and whether these systems are effective for addressing the needs of the most vulnerable.
Our work focuses on building capacity in national governments to manage and channel adaptation funds to countries that need it most, and increasing the ability of civil society organizations to hold governments accountable for this spending. We explore ways to improve the ability of governments to mobilize domestic funding sources and use innovative financial instruments to support adaptation initiatives.
WRI’s adaptation finance program focuses on two challenges:
Preparing countries to access and effectively manage adaptation finance
Our vision is that adaptation finance should be integrated into sustainable development for the benefit of vulnerable people and communities. We work with non-governmental organizations to strengthen their capacity to monitor and track adaptation finance from the national to local level. These activities will make adaptation spending more transparent and more effective, leading to societies that are more resilient to the impacts of climate change.