This paper from the United Nations Environment Programme – Finance Initiative reviews barriers and opportunities for financing resilience and adaptation, chiefly targeting financial system constituents.
Driving Finance Today argues that it is time to fully align financial markets with the 2015 Paris Agreement and to recognize that this applies as much to the financial sector — inclusive of financial institutions and financial policymakers — as it does to the real sector and populations.
This paper highlights existing barriers and challenges preventing the full integration of climate change risks and opportunities within the financial system writ large, including for its institutions. It explains why a climate-informed approach to both governing the financial system and investing is a necessary condition for achieving all adaptation financing goals, including those around mobilization.
This paper discusses the climate challenge for the financial system and its actors; considerations of climate risks in the financial sector; barriers to scaling up finance for adaptation and resilience by the financial system; provides examples of current approaches for increasing adaptation financing; and offers recommendations for Global Commission on Adaptation (GCA) actions.
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