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Climate adaptation funds

Ced Hesse

Backgrounder, 2 pages

To be effective, climate finance must reach and be prioritised by the communities that need it most and be used to fund solutions that work on the ground. To achieve this, mechanisms need to be put in place to channel the money from national level to local communities in a way that is transparent, participatory and efficient. The institutional architecture of existing decentralised government structures provides a ready-made framework which offers good value for money and will be sustainable as finance flows increase in the future.

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County and local governments in the drylands of Kenya, Mali, Senegal and Tanzania are establishing local-level climate adaptation funds with technical support from IIED and government and non-government organisations. These funds improve their readiness to access and disburse national and global climate finance, supporting community-prioritised investments to build climate resilience.

More at www.iied.org:
Local climate finance mechanism helping to fund community-prioritised adaptation

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