Glad to share our recently published policy brief titled 'Scaling #Climatefinance for #Locallyledadaptation: Lessons from the #Globalsouth' by T20 Brasil. #Adaptation receives poor funding compared to mitigation. However, within mainstream adaptation funding, a very small amount reaches the communities that face the brunt of climate change. #Localcommunities are not just victims of climate change but also a source of innovative ideas. Reforming the existing financial architecture and creating an enabling environment will allow more solutions to grow at a community level. Read the brief to understand how can #G20 leaders act to bring finance down to the local level where it's needed. Vishwas Chitale PhD
#G20 🚨Less than 10% of global climate finance reaches the local level. As the frequency and impacts of climate events increase, demand for adaptation at the local level becomes urgent. Complex application procedures, limited funding availability, and unequal distribution make it challenging to secure adaptation finance. How can G20 leaders scale access to Adaptation Finance to enable Locally-led Climate Adaptation? In a T20 policy brief, we recommend: ✅ Adopting innovative financial mechanisms ✅ Strengthening institutions and partnerships to enable finance at local scale ✅ Ensuring inclusivity and diversity in the implementation of LLA with a focus on gender ✅ Building evidence and advocacy for LLA ✅ Reforming MDB and International Sources of Climate Finance Read the policy brief here: https://lnkd.in/gDjW7rxu #ClimateAdaptation #ClimateResilience #ClimateAction #EnergyTransition Aryan Bajpai Vishwas Chitale PhD Amarnath Giriraj Bapon Shm Fakhruddin, PhD Gopalika Arora
