Adaptation is critical for developing countries on the front lines of climate change to protect against current and future impacts, yet it has been deprioritized in relation to mitigation during climate negotiations. This is proving to be short-sighted and increasingly costly, resulting in loss of lives and livelihoods and vulnerability in the face of major shocks. Climate impacts are damaging growth prospects and forcing governments to divert scarce resources from productive investments.

The Glasgow-Sharm el-Sheikh work programme established at COP26 is a step towards the Global Goal on Adaptation (GGA) outlined in the Paris Agreement, but with fiscal and policy space in developing countries being squeezed by multiplying crises, the outlook for transformative adaptation is bleak. A radical enhancement is needed in the scale, scope and nature of financing for adaptation including support for adaptation strategies required to make the GGA fit for purpose.

What are the building blocks of transformative adaptation?

What means of implementation (finance, technology and capacity building) do developing countries need to realise their adaptation ambitions?

What options are there for scaling up financing, including new instruments to meet the real need?

What is the role of private sector investment in adaptation?

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