Climate Adaptation and Resilience Needs More Innovative Funding. Here's How to Design Financing to Unlock It

Climate adaptation and resilience has an increasingly important role to play in climate change discourse, but these solutions need more financing. This article from the World Economic Forum's Centre for Nature and Climate, discusses how while more innovative financing tools are becoming available, including disaster risk, catalytic and outcome-based instruments, are starting to be adopted by investors and development banks, more needs to be done to mainstream them.

The challenge posed by extreme weather events and temperature rises due to climate change has never been graver. The time has come for policymakers, MDBs, philanthropist,s and commercial funders to collaborate and mainstream the use of innovative financial instruments. Meeting the climate adaptation and resilience funding gap could help save the world from the worst effects of the climate crisis.