Diagnosis of the Issue
Accessing climate finance remains a persistent challenge for stakeholders at all levels, particularly local communities who require funding to address diverse adaptation needs across critical sectors like food security, water management, and public health. These local actors often face limited options when it comes to financial resources specifically tailored to their unique requirements and operational capacities.
The lack of essential infrastructure, technical expertise, and financial resources in local communities amplifies the destructive effects of extreme weather events, hindering their ability to adapt and safeguard their populations and economies. The developing countries received a mere fraction (less than 10%) of the required USD 215 – 384 billion in 2021, severely limiting their capacity to build resilience against escalating climate threats (UNEP…
