Information for 17440IIED
Devolved Climate Finance
Institutional material, 6 pages
Developed countries have committed to making sure US$100 billion of funds flows to developing countries by 2020 to respond to the effects of climate change. Several avenues exist to channel funds for climate change adaptation, but once in country, money must flow further to sub-national governments and communities that need it most. An alliance of government and non-government organisations in East and West Africa is working to make the most of this opportunity. Early results demonstrate the benefits that community-led prioritisation and budgeting for climate resilience-building investments can bring to low income households. It’s now time to consolidate lessons learnt, ready to scale up and take the approach to new places.
County and local governments in the drylands of Kenya, Mali, Senegal and Tanzania have established 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