Does adaptation finance invest in disaster risk reduction?

This paper analyses both the volume of finance that climate adaptation funds direct to disaster risk reduction (DRR) and the extent to which DRR is integrated within their supported activities. It also assesses which regions and countries have benefited most from DRR investments through these funds to understand whether those most in need are being targeted. Finally, the paper compares the differences in volume, distribution and focus of DRR financing channeled through adaptation funds compared to DRR financing channeled through international aid.