News: Climate Week NYC- Powering Solutions Ahead of COP30. Read it here.
Parts of this site were translated using AI. Accuracy may vary.
News: Climate Week NYC- Powering Solutions Ahead of COP30. Read it here.
Parts of this site were translated using AI. Accuracy may vary.
Finance for adaptation
NAPs and country platforms for adaptation are government-led frameworks that guide nations in identifying, prioritizing, and implementing climate resilience strategies. NAPs provide a structured approach for integrating adaptation into national policies, development planning, and sectoral strategies, while country platforms offer a pathway to operationalize these efforts by fostering coordination, mobilizing finance, and aligning actions with national priorities.
Axis: Unleashing Enablers and Accelerators including on Financing, Technology and Capacity-Building
Key Objective: Finance for adaptation
National Adaptation Plans (NAPs) and country-led adaptation platforms are essential as they provide coherent, government-led frameworks to integrate climate resilience into national planning, prioritize needs, and mobilize adaptation finance—including from the private sector, which currently contributes less than 3% of adaptation funding—while aligning actions with global goals, such as those outlined in the Glasgow Climate Finance Roadmap.
1) US$215–387 billion per year: estimated adaptation needs in developing countries this decade.
2) Less than 10% of global climate finance is directed to adaptation.
3) Approximately 1–3% comes from the private sector (private share of adaptation funding).
https://unfccc.int/sites/default/files/resource/Finance_Gap_Update.pdf;
