An analysis of urban climate adaptation finance
Cities and urban communities are highly vulnerable to climate change risks. The IPCC warns that projected climate change will result in significant urban climate risks including amplified heat waves, extreme weather volatility, floods, droughts, coastal inundation, and an increase in vector borne diseases (IPCC, 2014). CDP data indicates that in 2018, 85% of cities reported major climate-related disruptions, including flash and surface flooding and extreme weather events like heat waves and droughts (CDP, 2019). This analysis aims to assess the state of urban climate adaptation finance and to prototype analysis methods to address current data and methodology limitations. The purpose of high-quality urban adaptation finance tracking is to identify gaps and barriers to financing resilience solutions in global urban areas and to drive action by investors, cities, national governments, and other stakeholders to increase urban adaptation finance.