Building Trust through the Transformation of Climate Adaptation Finance

As climate change accelerates, the need for adaptation becomes critical. Despite rising risks, action remains insufficient, with the adaptation finance gap reaching up to $366 billion annually. This represents a significant challenge, as adaptation finance needs are 10–18 times greater than current international public adaptation finance flows .The Global Goal on Adaptation aims to enhance resilience, but gaps remain, especially in meeting the 1.5ºC target of the Paris Agreement. Ahead of COP29 in Baku.

Thematic Focus:

This event focuses on strategies to finance climate adaptation, emphasizing food security in Africa. The goal is to address the adaptation finance gap and develop recommendations for COP29.

Partnerships:

Organized by the Global Center on Adaptation, E3G, the Ban Ki-moon Centre for Global Citizens, and the Nizami Ganjavi International Center.

Speakers:

Climate finance experts from various institutions will share insights and strategies for effective adaptation finance.

General Program:

The session includes keynote addresses and a panel discussions aiming to formulate recommendations for COP29. The program will span for 90 minutes, allowing for in-depth discussions.

Key Objective:

Bring attention to the need to mobilise adaptation, particularly to meet the needs of food security in Africa. Formulate a robust set of recommendations on how to scale and deliver adaptation finance across the COP29 package and beyond.