Climate finance for developing countries to adapt to climate change and strengthen climate resilience has increased in recent years in the form of both international commitments and domestic spending. But there are significant questions about the implementation of these funds, including: How much adaptation finance is actually available within developing countries? How is it being directed and used and by whom? Is it reaching the local level, and are the needs of the poorest and most vulnerable being met?
To address these essential issues, WRI is working with Oxfam and the Overseas Development Institute and civil society groups in developing countries on the Adaptation Finance Accountability Initiative. The initiative’s purpose is to examine how climate adaptation and resilience finance is delivered at the local level, pilot new tracking and monitoring tools to improve finance transparency, and press for strengthened accountability for adaptation and resilience finance.