As climate change impacts accelerate globally, adaptation efforts have become an urgent imperative. This is especially true in the most vulnerable regions, including Africa. A low-carbon, climate-resilient development pathway offers an unparalleled investment opportunity in Africa with a triple dividend of avoided losses, positive economic gains, and enhanced social and environmental benefits.
Tracking adaptation finance globally, and specifically in Africa, is critically important to identify trends, uncover gaps, and set concrete priorities for effective finance flows. In the context of the Africa Climate Summit, this policy brief highlights the need to dramatically increase the amount and efficacy of adaptation financing to Africa. This brief also spotlights the persistent challenges related to adaptation finance flows in Africa, and highlights priority actions for the global finance community to undertake to address them.