Devolved finance and governance of climate change adaptation

Since the Paris Agreement in 2015, adaptation debates have increasingly shifted from focusing narrowly on finance to considerations around governance of programming, implementation and impact of support for climate change mitigation and adaptation. The character of finance for climate change adaptation and debates around it are currently in a time of potentially significant transition. Much focus of COP negotiations has been on agreeing on a common rulebook and on ensuring Global South access to finance for Climate Change Action. These goals have now by and large been reached and international attention is now shifting to how and at what scale climate change actions take place and are governed. Most of the finance for climate change adaptation is currently used and governed at international and national levels. That being said, new international agendas and forms of cooperation are emerging with enhanced focus on devolved finance and governance of climate change adaptation. This report presents an overview of the state of climate change adaptation finance, with focus on devolved governance and use in LDCs.