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Adaptation and Mitigation Financing Solutions

By Jayant Sinha & Vedant Monger

The GCA Collaborative is an independent research effort to evaluate how Global South countries can best ally with Global North countries to accelerate climate action. Over the past two years, several academic institutions and think tanks have been collaborating on these issues and pooling their individual research efforts. The first version of this GCA handbook was launched at COP'27. With revisions and updates, the second version was released during the Think20 Inception Conference. The white paper series details the theoretical and empirical work behind the handbooks.
June 29, 2023 Ordering Information

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Adaptation and Mitigation Financing Solutions

There are at least four financial products/structures that can be scaled up by MDBs to help reduce investment risks in transformational activities:

a. Long-term currency hedging via currency swap lines;
b. Credit guarantees via identified payment guarantee institutions;
c. Climate insurance via a global risk pool; and
d. Climate fund-of-funds to anchor venture capital funds.


The GCA’s scope must include adaptation and loss and damage support. This will require binding annual commitments from the Global North. In any case, delivery of adaptation and loss and damage support will be through existing, agreed-upon mechanisms under the UNFCCC and other processes to ensure that no one is left behind.

 

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Download the paper: tinyurl.com/3zu8b9y4

Virtual Bookcase - flipbook version: tinyurl.com/2s438sf9

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