Financing climate change adaptation: Mainstreaming into government budgets

Aimed at climate and development practitioners, this learning brief presents the five core elements of the Action on Climate Today programme’s Financing Framework for Resilient Growth (FFRG):

• Assessing climate change spending: Tracking levels of spending on climate adaptation.
• Determining climate-induced loss and damage: Examining the economic impact of climate change at a national, subnational, or sectoral level.
• Assessing the size of the adaptation gap: Estimating the gap between the current level of spending and the amount needed to prevent climate-related loss and damage.
• Examining potential future financial flows: Understanding the level of finance that is available from diverse sources.
• Filling the adaptation gap: Re-aligning finance with priority adaptation areas, finding new sources of finance, and building institutional structures and systems.

The FFRG framework has been applied in South Asia, but can be used to inform policy and practice around the world. A full description of ACT’s work can be found in the associated ACT learning paper: Mainstreaming, accessing and institutionalising finance for climate change adaptation.