Where it matters most: Smart climate financing for the hardest hit people

This publication sets out a vision for a smart, risk-informed and locally led approach to making the money count for those hit hardest by climate change, based on the latest analysis of where, how and why this financing is missing the mark. To achieve this, urgent action is needed to prioritise the most vulnerable. This requires collective effort by all involved in mobilising, governing and spending money for addressing climate risks.

Global leaders have promised to increase the amount of climate finance and ensure it supports the most vulnerable to adapt and prepare for these impacts. Honouring these commitments could drastically reduce the numbers of people who are pushed into extreme humanitarian need in the coming decades. Yet current financing for disaster risk reduction (DRR) and adaptation is not only falling short of the volumes needed but also failing to reach the most vulnerable countries and communities. Global leaders and domestic authorities, donors and fund managers, and humanitarian, development and disaster risk actors must all step up and work together.