This World Bank Blog article, The Many Stories of Adaptation Finance, emphasises the need for increased investment in adaptation finance to reduce vulnerability to climate impacts and build resilience. It notes a significant gap in adaptation finance, with only $63Bn invested in 2021-22, while an estimated $212Bn per year is needed by 2030 for developing countries. The article highlights the threefold approach of more rapid development, more resilient development, and targeted adaptation interventions. It also showcases good practice examples worldwide and emphasises the shift towards financial growth opportunities through resilience. The article stresses the importance of integrating climate risks into planning and investments and directing development to low-risk zones to prevent future risk creation.

 

Additional resources

Standard Chartered, KPMG and UNDRR launch adaptation and resilience financing roadmap

Adaptation & Resilience Impact: A measurement framework for investors

From Risk to Reward: The Business Imperative to Finance Climate Adaptation and Resilience

The Adaptation Principles: 6 Ways to Build Resilience to Climate Change

Lifelines: The Resilient Infrastructure Opportunity

 

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