OCP and ecbi have responded to a UNFCCC request for submissions on climate financing with a proposal for a new, collective and quantified public-sector goal on adaptation grant finance. The UNFCCC request was made at the Glasgow Climate Summit, where delegates adopted Decision 9/CMA.3 seeking submissions on a new collective quantified goal on climate finance.
The ecbi/OCP submission suggests progress on a new goal is more likely if discussions are held on each of the finance-related elements of the Paris Agreement. One stream of these discussions should aim to secure a new public sector goal on adaptation grant finance. Identifying a specific goal for adaptation grant finance from public sources would help address the urgent need for more predictable financial resources and increased funding for adaptation in developing countries.