Making the most of public finance for climate action: issues brief #2

Through a range of examples, this Issues Brief illustrates how public finance can catalyze climate action by piloting innovative ways to leverage both climate and development finance, such as combining resources and instruments to maximize synergies, exploring new opportunities to expand the scope for market mechanisms,and strengthening the capacity to facilitate access to resources and their effective use.

The report cites that the bulk of available and emerging resources dedicated to climate action relates to mitigation, while resources for adaptation are just being mobilized in modest proportions (at about $1 billion per annum), mostly through bilateral and multilateral donor funds and through the Adaptation Fund.