Public international finance for adaptation

Adaptation knowledge dayJune 9, 2014Roland Sundstrom

GEF Adaptation Program

LDCF SCCF SPA TotalPledges ($m) 907 344 50 1,301Received contributions ($m) 832 299 50 1,181

Funding approvals ($m) 837 296 50 1,183

Total baseline/ co-financing ($m) 3,629 2,298 609 6,536

Number of projects 205 67 26 298Number of countries 51 76 53 125

Other international sources

Adaptation Fund: $395m in March 2014Pilot Program for Climate Resilience: $1.3bn pledgedAdaptation for Smallholder Agriculture Programme: > $300m

$20-24 bn in adaptation finance in 2013, of which 65 per cent public international climate finance (CPI 2013)

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

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)

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)

Thank you ksundstrom@thegef.org