There is a pressing need to increase investment in climate change adaptation in Africa. More than half (27) of the world’s 40 most climate-vulnerable countries are in Africa and climate-related disasters are increasingly common. A wider variety of sources of finance need to be mobilized to reach the levels of investment needed and to increase the impact of investment in building resilience. Public spending alone cannot meet the adaptation finance gap, so private sector investment must scale alongside public investment to supplement limited public resources.
This report was produced by Climate Policy Initiative and the Global Center on Adaptation. It identifies the key actors providing adaptation financing in Africa, the instruments used to finance adaptation projects and programs, the sectors of adaptation, key barriers to finance, and case studies of successful projects.
Download the report here