Meeting the costs of adaptation to climate change in developing countries is a major challenge for the international community; the UNFCCC projects costs in the range of $28 – 67 billion per year for such countries by 2030.
There has been a considerable increase in adaptation finance from dedicated climate financing instruments in 2011.
The Least Developed Countries Fund and the Special Climate Change Fund have disbursed the most finance for adaptation, but the Adaptation Fund, the Pilot Program on Climate Resilience of the Climate Investment Funds, and the EU Global Climate Change Alliance have substantially added to the volume of finance available.
The distribution of adaptation finance to highly vulnerable countries and to the most vulnerable people and populations groups within recipient countries remains uneven, and the scale of finance is not commensurate with estimated needs.
The content on this page is taken from the Climate Finance Fundamentals publication series. Download the 'Thematic Briefing - Adaptation':