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Reconfiguring urban adaptation finance

Cities need to adapt to climate change: but how will the necessary planning, actions and infrastructure be financed? International and national adaptation funding arrangements currently offer few opportunities for city-level finance, and still fewer for money to be channelled directly into the hands of low-income urban residents. These funds are insufficient in quantity, unaccountable to their ultimate beneficiaries and inaccessible to many of the most vulnerable groups. In contrast, locally controlled funds that
are managed directly by organisations of low-income urban residents have shown their ability to reduce risk and vulnerability. This briefing — and the longer paper upon which it draws — argues that supporting funds of this type is a key component to increasing the resilience of urban residents and the cities where they live.

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Cities need to adapt to climate change: but how will the necessary planning, actions and infrastructure be financed? IIED is working to build the case for more direct control of funding for resilience by urban residents and local governments.

More at www.iied.org:
Financing urban resilience