Executive Summary The Adaptation Fund (AF) has played a pioneering role in delivering community-focused, innovative, and direct-access climate adaptation finance to developing countries. In the context of rapidly increasing global adaptation needs and in response to the COP29 mandate to triple adaptation finance by 2030, the AF is now at a pivotal moment in its scaling journey. This study, conducted as part of the Scaling Community of Practice’s (SCoP) Mainstreaming Initiative, assesses how scaling is currently embedded in the AF’s ...
Description Accurate weather and climate predictions are essential for effective climate action and sustainable development. However, many Least Developed Countries and Small Island Developing States lack the necessary weather observation infrastructure to contribute critical data to the global system. To address this gap, the Systematic Observations Financing Facility (SOFF) was launched in 2022 as an innovative financing mechanism to strengthen weather observation networks where they are needed most. A recent review recognized SOFF as a textbook example of a successful ...
Description Join us for an engaging one-hour session as we delve into the key outcomes of COP29, focusing on the landmark decision to increase global climate financing from $100 billion to $300 billion annually. Despite this significant step forward, a recent report by Amar Bhattacharya, Vera Songwe, and Nicholas Stern highlights that external financing needs—including international public, private, and other sources—are projected to reach $1.3 trillion annually by 2035. What does this new commitment mean in the context of the ...
South America is burning. From Brazil – the largest Amazonian country – to Bolivia, Colombia, Ecuador, Guyana, Peru, Surinam, and Venezuela, there are fires everywhere. This year so far, some 30 million hectares (74 million acres) have gone up in flames[1]. That’s an area the size of Italy. Cities as distant as São Paulo (Brazil), Santa Cruz de la Sierra (Bolivia) and Bogotá (Colombia) have been engulfed in smoke, contributing to cardiovascular and respiratory emergencies and raising concerns about long-term ...
Description Johannes Linn introduced the session and the new co-chairs of the Climate Change Working Group, Matt Eldridge and Karin Kemper. Matt highlighted the purpose of the session: bringing together practitioners in the fields of climate and nature investing to highlight practical approaches to scaling private investments in these areas. Emilie Mazzacurati began the discussion by speaking about private investment opportunities in adaptation as well as policy barriers and the need for definitions. Gregory Watson highlighted the massive gaps in ...
This session discusses the topics of climate change, action, and finance. In this session panelists answer questions about their work and how scaling and finance intertwine with climate action. At the end, the panelists joined in a group discussion to connect their views on future steps for the climate change working group. The topics of this session include: The centrality of investment: the need to accelerate investment to meet climate goals and replace aging capital Innovation and technology: how to ...