What future for climate adaptation finance?

By Jenny Lei Ravelo 22 June 2015

Climate change has affected people who live in Mozambique’s Zambezi valley, where many rely on agriculture for livelihood. The U.K. government and Save the Children work with the communities there to enhance their resilience to the impact of climate change. Mozambique is one of the least developed countries that receive very little funding from the Special Climate Fund. Photo by: Marcos Villalta / Save the Children / DfID / CC BY-NC-ND

This month saw the launch of two initiatives that both aim to reduce the impact of climate change.

A joint initiative by the World Bank, the African Development Bank and the World Meteorological Organization, Strengthening Climate and Disaster Resilience in Sub-Saharan Africa focuses on strengthening meteorological and hydrological services in sub-Saharan Africa.

The Public-Private Partnership on Climate Data and Information for Resilient Development meanwhile aims to improve early warning systems for natural disasters in developing countries. The PPP comprises bilateral donors like the United Kingdom and United States, multilateral banks such as the Asian Development Bank and the Inter-American Development Bank, and companies like tech giant Google.

Both initiatives come as the deadline to seal a new climate deal in Paris, France, to replace the Kyoto Protocol draws near. But progress on the negotiations over this new agreement has been slow and “difficult,” according to climate experts. There remain no clear steps on what the emission targets are and how they will be achieved, nor is there clarity on how the international community plans to mobilize $100 billion in climate financing that is needed annually through 2020.

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About the author

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Jenny Lei Ravelo@JennyLeiRavelo

Jenny Lei Ravelo is a Devex senior reporter based in Manila. Since 2011, she has covered a wide range of development and humanitarian aid issues, from leadership and policy changes at DfID to the logistical and security impediments faced by international and local aid responders in disaster-prone and conflict-affected countries in Africa and Asia. Her interests include global health and the analysis of aid challenges and trends in sub-Saharan Africa.

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