As the climate crisis continues to unfold, the need for financing to support climate adaptation within climate-vulnerable markets across Africa, Asia, Latin America, and the Middle East will reach $330 billion by 2030. However, these emerging markets have only received a fraction of climate financing.
So what needs to happen for high-income countries to meet the growing capital gap for those most impacted by climate change?
There needs to be a generation-defining level of commitment, creativity, and collaboration from governments and the private sector to utilize and deploy the $330 billion required in intelligent and innovative ways.
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About the author
Scott Onder
Scott Onder is the chief investment officer at Mercy Corps where he leads the agency’s global strategy for impact investing, innovative finance, Web3 initiatives, and strategic partnerships with technology ventures. Onder is also the co-founder and senior managing director of Mercy Corps Ventures, the venture capital arm of Mercy Corps, which invests in high-impact startups developing inclusive fintech, climate resilience, and Web3 solutions in frontier markets.
