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State and Trends of Climate Adaptation Finance in Small Island Developing States
This report by the Climate Policy Initiative and the Global Center on Adaptation analyzes international public climate adaptation finance for Small Island Developing States (SIDS) between 2021 and 2022. It identifies a significant funding gap, noting that current annual flows of approximately $2 billion are far below the estimated annual need of $11.7 billion. The report highlights that a large portion of this finance is provided as debt, posing macroeconomic risks, and calls for a shift from GNI-based ODA eligibility to a multidimensional vulnerability index to improve financial access.
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Document type: Report