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Advancing Global Climate Adaptation Finance: Insights from the GEF Adaptation Program

This document outlines the critical role of public international finance in advancing climate change adaptation, highlighted during the Adaptation Knowledge Day on June 9, 2014. It discusses key funding initiatives, including the $395 million Adaptation Fund, and pledges exceeding $1 billion for the Pilot Program for Climate Resilience. The analysis reveals significant gaps in funding against adaptation needs, as reflected in various climate adaptation funds. It emphasizes the importance of transforming policies, enhancing capacities, and increasing knowledge to bolster climate change adaptation efforts globally.

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Advancing Global Climate Adaptation Finance: Insights from the GEF Adaptation Program

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  1. Public international finance for adaptation Adaptation knowledge day June 9, 2014 Roland Sundstrom

  2. GEF Adaptation Program

  3. Other international sources Adaptation Fund:$395m in March 2014 Pilot Program for Climate Resilience: $1.3bn pledged Adaptation for Smallholder Agriculture Programme:> $300m $20-24 bn in adaptation finance in 2013, of which 65 per cent public international climate finance (CPI 2013)

  4. The role of public funds • Transforming policy and regulatory environments; • Demonstrating, piloting technologies, practices and approaches; • Strengthening institutional and technical capacities; • Enhancing the knowledge base for CCA through monitoring, analysis and decision-support services; • Investing in public goods for resilience + raising the profile of CCA, developing partnerships and networks

  5. The funding gap we know • LDCF: full cost of implementing NAPAs exceeds $2bn; annual funding approvals of $200-300m are falling short of near-term demand • SCCF: serves all developing country parties; annual demand for existing pipeline >$250m vs. approvals of $50m/year • PPCR: serves nine pilot countries and two pilot regions • AF: growing pipeline ($30-40m in March 2014)

  6. Globally, however, “[l]imited evidence indicates a gap between global adaptation needs and the funds available for adaptation (medium confidence) […] Studies estimating the global cost of adaptation are characterized by shortcomings in data, methods, and coverage(high confidence)” (IPCC AR 5 WG II)

  7. Thank you ksundstrom@thegef.org

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