The amount of climate finance in Africa falls dramatically short of what is needed to implement Nationally Determined Contribution (NDCs) in the region. CPI estimates Africa’s climate finance needs at an average of USD 250 billion annually from 2020-2030, which must be provided by private and international public investors (CPI 2022a).
Green finance flows in India are falling far short of the country’s current needs. In 2019/ 2020, tracked green finance was INR 309 thousand crores (~USD 44 billion) per annum, approximately a fourth of India’s needs.
As developing countries increasingly transition from planning to implementation of their National Adaptation Plan (NAP) processes and nationally determined contributions (NDCs), a growing number have prepared or plan to prepare financing strategies for adaptation.
This publication provides an overview of the landscape of support available for adaptation and of the targeted programmes and initiatives that have been set up to facilitate the formulation and implementation of national adaptation plans (NAP).
Developed countries committed US$100 billion to climate finance by 2020, but fell short of their target, which was then extended to 2025. The financing gap is much wider for developing countries to achieve their climate goals.
China holds a critical and outsized role in helping the global community achieve the targets of the Paris Agreement and preserving the planet’s biosphere. At the same time, China’s available financing mechanisms and its financial system remain somewhat distinct.