Webinar: Adaptation finance: A core component of post-COVID-19 economic recovery
It is well known that cities in Africa are some of the most vulnerable in the world, and for them to become more climate resilient, a significant amount of funding is required to enable climate change adaptation. However, Africa is the region that has received the lowest proportion of climate change finance to date. In 2016 as little as 4,1 % (USD 19 billion) of global climate finance flowed to Africa. Of the funds that are directed to African countries, very little flows to the city-level, where climate change impacts are felt, and most is allocated to climate change mitigation, not adaptation, despite adaptation being a major priority in Africa.
As cities deal with the current COVID-19 pandemic and develop plans on how to recover, there is an opportunity to re-think development and make sure plans offer solutions that build resilience from a health perspective but also strongly consider climate change adaptation. Finance for climate change adaptation is thus more critical than ever.
Join ICLEI Africa and the Covenant of Mayors in Sub-Saharan Africa for a discussion with city leaders and key experts on the barriers that African cities currently face in accessing finance for climate change adaptation, looking at examples of innovative adaptation finance mechanisms that have been used to enhance the flow of adaptation finance to African cities.
Mayor of Chefchaouen Municipality, Morocco; ICLEI Africa Committee; President: Moroccan Association of Eco-Cities; Global Covenant of Mayors board member
Dr Manuel Araújo
Mayor of Quelimane City Municipality, Mozambique; ICLEI Africa Committe; ICLEI Global Executive Committee; Deputy Chair: National Council of the Mozambican Mayor’s Association (ANAMM) Congress
Director: GFA Climate & Infrastructure
Director, Local Development Finance Practice, UN Capital Development Fund; Co-chair of the LoCAL Board