Preparing Financing Strategies for Adaptation: Emerging good practices

The document reviews 24 financing strategies for adaptation in developing countries, categorizing them as either discrete adaptation strategies or general climate action strategies. It finds a wide variation in approach, ranging from high-level awareness documents to detailed costing frameworks. The analysis suggests that countries do not necessarily need to calculate precise finance gaps and should instead focus on the strategic use of public finance to leverage private investment and improve the tracking of international finance flows. It emphasizes the importance of involving ministries of finance and international funders to increase the likelihood of securing resources.

• Developing countries employ diverse approaches to adaptation financing strategies, with document lengths varying significantly; for example, the Island States in the Indian Ocean produced an eight-page strategy, while Cambodia developed a 123-page framework.
• Many financing strategies lack detailed analysis on the suitability of specific finance instruments for different types of projects, particularly regarding private sector investment, and very few include mechanisms for monitoring and evaluating success.
• Calculating a precise adaptation finance gap may be unnecessary due to the high cost and time required for costing; instead, governments can use strategies to identify short-term resource mobilization areas and guide the use of public funds.
• There is a need for improved country-level tracking of adaptation finance flows, as a lack of data currently hinders the ability of developing countries to estimate financing gaps and measure the impact of their strategies.
• Effective financing strategies should be country-driven, involve ministries of finance and planning, and engage international funders like multilateral development banks to improve the mobilization of public finance.

APA

Evans,, J.-E. P. M. (2022). Preparing Financing Strategies for Adaptation: Emerging good practices. International Institute for Sustainable Development. https://www.iisd.org/articles/deep-dive/financing-strategies-adaptation

Chicago

Evans,, Jo-Ellen Parry,Deborah Murphy,Alanna. Preparing Financing Strategies for Adaptation: Emerging good practices. International Institute for Sustainable Development, 2022. https://www.iisd.org/articles/deep-dive/financing-strategies-adaptation.

Wikipedia

{{cite report |last1=Evans, |first1=Jo-Ellen Parry,Deborah Murphy,Alanna |title=Preparing Financing Strategies for Adaptation: Emerging good practices |publisher=International Institute for Sustainable Development |date=25 August 2022 |url=https://www.iisd.org/articles/deep-dive/financing-strategies-adaptation |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{evans2022preparing, author = {Evans,, Jo-Ellen Parry,Deborah Murphy,Alanna}, title = {{Preparing Financing Strategies for Adaptation: Emerging good practices}}, institution = {International Institute for Sustainable Development}, year = {2022}, month = aug, url = {https://www.iisd.org/articles/deep-dive/financing-strategies-adaptation}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }