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Public international finance for adaptation

Public international finance for adaptation. Adaptation knowledge day June 9, 2014 Roland Sundstrom. GEF Adaptation Program. Other international sources. Adaptation Fund: $395m in March 2014 Pilot Program for Climate Resilience: $1.3bn pledged

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Public international finance for adaptation

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  1. Public international finance for adaptation Adaptation knowledge day June 9, 2014 Roland Sundstrom

  2. GEF Adaptation Program

  3. Other international sources Adaptation Fund:$395m in March 2014 Pilot Program for Climate Resilience: $1.3bn pledged Adaptation for Smallholder Agriculture Programme:> $300m $20-24 bn in adaptation finance in 2013, of which 65 per cent public international climate finance (CPI 2013)

  4. The role of public funds • Transforming policy and regulatory environments; • Demonstrating, piloting technologies, practices and approaches; • Strengthening institutional and technical capacities; • Enhancing the knowledge base for CCA through monitoring, analysis and decision-support services; • Investing in public goods for resilience + raising the profile of CCA, developing partnerships and networks

  5. The funding gap we know • LDCF: full cost of implementing NAPAs exceeds $2bn; annual funding approvals of $200-300m are falling short of near-term demand • SCCF: serves all developing country parties; annual demand for existing pipeline >$250m vs. approvals of $50m/year • PPCR: serves nine pilot countries and two pilot regions • AF: growing pipeline ($30-40m in March 2014)

  6. Globally, however, “[l]imited evidence indicates a gap between global adaptation needs and the funds available for adaptation (medium confidence) […] Studies estimating the global cost of adaptation are characterized by shortcomings in data, methods, and coverage(high confidence)” (IPCC AR 5 WG II)

  7. Thank you ksundstrom@thegef.org

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