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Financing Climate Change Adaptation: International Initiatives

Author

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  • Govinda R. Timilsina

    (Senior Economist, World Bank, Washington, DC 20433, USA)

Abstract

Climate change adaptation is one of the main strategies to address global climate change. The least developed countries and the small island states that lack financial resources to adapt to climate change are the most vulnerable nations to climate change. Although it would be more economical to adapt to climate change compared to the anticipated damage of not doing so, the demand for capital is estimated to range to hundreds of billions. The crucial question is how to manage investments to adapt to climate change globally. This study provides an overview of existing international provisions on climate finance for adaptation. It includes provisions through international financial institutions, United Nations agencies, bilateral and multilateral channels, and the private sector. It also explores how private sector finance can be further attracted to invest in climate change adaptation.

Suggested Citation

  • Govinda R. Timilsina, 2021. "Financing Climate Change Adaptation: International Initiatives," Sustainability, MDPI, vol. 13(12), pages 1-19, June.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:12:p:6515-:d:570687
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    References listed on IDEAS

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    1. Shardul Agrawala & Maëlis Carraro & Nicholas Kingsmill & Elisa Lanzi & Michael Mullan & Guillaume Prudent-Richard, 2011. "Private Sector Engagement in Adaptation to Climate Change: Approaches to Managing Climate Risks," OECD Environment Working Papers 39, OECD Publishing.
    2. World Bank, 2010. "Economics of Adaptation to Climate Change : Synthesis Report," World Bank Publications - Reports 12750, The World Bank Group.
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    Cited by:

    1. Carè, R. & Weber, O., 2023. "How much finance is in climate finance? A bibliometric review, critiques, and future research directions," Research in International Business and Finance, Elsevier, vol. 64(C).
    2. Tiberiu Iancu & Valentina Constanta Tudor & Eduard Alexandru Dumitru & Cristina Maria Sterie & Marius Mihai Micu & Dragos Smedescu & Liviu Marcuta & Elena Tonea & Paula Stoicea & Catalin Vintu & Andy , 2022. "A Scientometric Analysis of Climate Change Adaptation Studies," Sustainability, MDPI, vol. 14(19), pages 1-20, October.

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