Reducing the vulnerability of local communities exposed to climate change by increasing the volume and effectiveness of finance directed towards adaptation.
Too often, the effects of climate change are experienced unevenly. Poor rural areas are frequently the most in need of financial support to strengthen their resilience to climate change, yet they often have the fewest financial resources available.
Governments in both developed and developing countries are recognizing that climate change is already affecting the economic and social development of these vulnerable communities. In response, national governments are developing policies and financial management systems to allocate and manage adaptation finance.
WRI explores whether national finance systems are designed in such a way that countries can access international adaptation finance, and whether these systems are effectively addressing the needs of the most vulnerable.
These organizations analyzed how much adaptation finance was available in their respective countries and how it was delivered at a local level. AFAI then used this information to develop a proven set of methods that civil society groups can use to track the flow of adaptation funds and push their governments to direct those flows more effectively.
The Green Climate Fund (GCF) Readiness Programme helps countries prepare for direct access to funds and expands countries’ capacity to implement GCF-financed projects. WRI, in partnership with the United Nations Environment Programme and the United Nations Development Programme, is improving readiness by targeting the national implementing entities (NIEs) that serve as national-level intermediaries between the GCF and projects on the ground. WRI focuses on equipping NIEs with tools to help them prioritize suitable options and projects that GCF can fund. So far, WRI has worked most closely with NIEs in Fiji and Kenya.