Africa is facing a critical shortfall in funding for climate adaptation according to the State and Trends in Adaptation Report 2022. The report was launched by the Global Center on Adaptation (GCA) in early November 2022.
The publication reveals that cumulative adaptation finance to 2030 will come to less than one-quarter of the estimated needs stated by African countries in their nationally determined contributions (NDCs) – unless more funding for climate adaptation is secured.
In 2019 and 2020, an estimated USD 11.4 billion was committed to climate adaptation finance in Africa, with more than 97 per cent of the funds coming from public sector actors and less than 3 per cent from the private sector. This is significantly less than the USD 52.7 billion it is estimated African countries will need every year between now and 2030.
To increase the volume and efficacy of adaptation finance flows to Africa over the coming decade, the report makes a number of recommendations:
The report provides policy-shaping recommendations in key areas such as livestock, agriculture, cities, nature-based solutions, the blue economy and coastal erosion. Moreover, it provides guidance and recommendations on adapting to the effects of a changing climate and building resilience to climate shocks. The report highlights successful adaptation initiatives from the Africa Adaptation Acceleration Program (AAAP) which have the potential to be scaled up and replicated. It also presents key policies, skills and finance gaps that must be addressed if adaptation is to be effective and reach those who need it the most.
Read more and download the report on the GCA website