Breaking the Cycle: Practical Solutions to Unlock Climate Finance for Fragile States
Many fragile and conflict-affected countries are highly vulnerable to climate change. However, the more fragile a country is, the less climate finance it often receives from funders. This report showcases four case studies on innovative solutions that funders could seek to adopt to improve their reach and impact in fragile and conflict-affected states.
Fragile and conflict-affected states face a number of challenges to accessing climate adaptation finance. These challenges include climate funders’ low risk appetite for working in fragile and conflict-affected states and stringent requirements for funding access, project approval and partnerships that limit planning and development.
Climate Adaptation Finance: Innovative Solutions
Inflexible operational protocols hinder adaptive implementation and delivery and data and travel restrictions that make it difficult to monitor project progress and measure outcomes. This report showcases innovative solutions that climate funders could seek to adopt to improve their reach and impact in fragile and conflict-affected states.
In this report, four case studies are profiled:
- The UN Peacebuilding Fund
- Peace bonds by Interpeace
- Crisis modifiers
- COVID-19 Vaccines Global Access (COVAX)
Each case study provides practical solutions to overcome challenges in climate-adaptation programming in fragile and conflict-affected states.