Private adaptation finance was not tracked, but of $ 148 bn in public finance, only $ 25 bn went to adaptation.
Not exact matches
The Minister of Environment, Science, Technology and Innovation, Mahama Ayariga, has said Ghana needs $ 22.6 billion in investments from domestic and international public and
private sources to
finance its 31 Programme of Action on climate mitigation and
adaptation.
There is an urgent need to scale up financial flows, particularly financial support to developing countries; to create positive incentives for actions; to
finance the incremental costs of cleaner and low - carbon technologies; to make more efficient use of funds directed toward climate change; to realize the full potential of appropriate market mechanisms that can provide pricing signals and economic incentives to the
private sector; to promote public sector investment; to create enabling environments that promote
private investment that is commercially viable; to develop innovative approaches; and to lower costs by creating appropriate incentives for and reducing and eliminating obstacles to technology transfer relevant to both mitigation and
adaptation.
As part of its work, the Group will develop practical proposals on how to significantly scale - up long - term
financing for mitigation and
adaptation strategies in developing countries from various public as well as
private sources.
This activity report provides an overview of mitigation and
adaptation finance in the context of the Multilateral Development Banks» strengthened commitment to work with clients, other development
finance institutions, the
private sector, and stakeholders to tackle climate challenge with targeted and innovative
finance.
In particular, it provides a number of concrete tools and recommendations to help interested countries, such as: an overview of international public funding sources dedicated to
adaptation investments, seven fundamental eligibility criteria for accessing international public funding and guidance on how to apply these concepts to project ideas, a template for developing / presenting
adaptation project ideas to international donors; and an overview of critical concepts and requirements for accessing
private financing for
adaptation and a number of instructive case studies.
The intense and constructive discussions on and off the negotiating floor on inter alia, the
adaptation fund, a new green / climate fund, funding the avoidance of deforestation and forest degradation, the climate - related budgets of development banks, and the need for government assistance to more effectively bring
private sector on board, will all be for naught if previous experience with development
financing is any indication how climate funding promises pan out over the coming years.
On
finance, they were concerned the
private sector and about the division of funds between
adaptation and mitigation.
This analytical document refers to a «climate
financing gap», which to be filled requires identifying alternative and innovative sources of funds from both the public and
private sectors, but also developing the appropriate institutional and policy landscape to redirect existing financial flows towards climate mitigation and
adaptation activities that also deliver on sustainable development priorities.
This manual discusses the concept of
private finance, its links with climate change mitigation and
adaptation and public actors» roles to mobilize it.
The accord stops short, however, of determining the ratio of funds that will be spent on mitigation and
adaptation, respectively, and of identifying any specific mechanisms or sources of
finance other than «public and
private, bilateral and multilateral, including alternative sources.»
Supposedly the GCF will allow for direct access of money for real on the ground projects — but there are also the usual concerns over the involvement of the
private sector and the kind of preference for
financing mitigation that meant since inception the GEF has given $ 3b to mitigation projects and only $ 300m for urgently needed
adaptation.