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Adaptation is underfunded - ODI Global
From Monday 11 November 2024
To Sunday 22 December 2024
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Across the globe, vulnerable communities that have done the least to cause climate change are being denied the resources they need to adapt to a climate-changed world. From large infrastructure projects like building flood barriers, to small interventions like air conditioning in hospitals, adaptation finance is not flowing at scale to where it should be. Even at COP29, adaptation negotiations are stalling on the finance question and so far, contributions to the Adaptation Fund here in Baku have been far below what is needed - and lower than both COP28 and COP27.

We must keep adaptation finance at the heart of climate negotiations and act on the solutions in front of us, like:

➡️ Scaling adaptation finance provision

➡️ Simplifying processes to get a hold of adaptation finance

➡️ Reducing debt burdens and freeing fiscal space in developing countries

➡️ Encouraging approaches in recipient countries that integrate adaptation into wider development priorities, including by getting adaptation finance more effectively to local levels.

Funding adaptation is a choice. And we are choosing not to.

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