What it's about:
Significant financing is needed throughout the National Adaptation Plan (NAP) process - from its inception and coordination through to
the implementation and monitoring of prioritized adaptation actions.
Financing is especially needed to implement the adaptation actions prioritized through the NAP process.
The NAP Global Network's guidance note on financing NAP processes - co-authored by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH’s Climate Policy Support Program and the International Institute for Sustainable Development - explores a range of financing options, highlighting the suitability of different sources for different contexts.
Among our key recommendations is that countries create a dedicated NAP financing strategy to more strategically align financing needs for the NAP process with potential sources of finance.
Read more here.
Why it's noteworthy:
To cover the costs of adapting to climate change, most countries will need to combine a range of potential sources of finance - private and public, international and domestic - to achieve the adaptation ambitions determined through their NAP processes.
Do you have a story about a successful approach to financing your country's NAP process? To share your story with other adaptation specialists working on NAP processes, please get in touch at: firstname.lastname@example.org
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National Adaptation Plan