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Climate change financing in the Gambia

IIED Briefing, 4 pages
17224IIED
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Applying the Gambia’s climate change priority action plan for 2012–2015 will cost almost US$14.2 million, and the government will need to find an estimated US$1.35 billion in climate financing by 2030. Most existing financing targets adaptation, although mitigation will need more financial resources in the long run. The government must therefore continue to draw down on public sources, make public investments work better and initiate innovative financing mechanisms to leverage private sector investment in mitigation projects. Policymakers and practitioners need to design elements~of the financial landscape to fund the Gambia’s transition to green, low-emission climate-resilient development.

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17224IIED