Steering international adaptation finance towards the local level
Climate change adaptation has become a central concern for sustainable development and economic policy, especially in developing countries.
At the same time, financing for adaptation amounted to USD 22 billion in 2016, representing only a small share of tracked climate investments in that year and falling short of projected financing needs.
The provision of climate finance, especially for adaptation needs in vulnerable and local communities, is considered a key element and political goal in the international climate change space.
Effectively steering these resources to the local level (sub-national levels ranging from community- to district-level) where they are most needed and are likely to have the greatest impact remains oftentimes a challenge.
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