According to the 2023 UNEP Adaptation Gap Report, estimated climate change adaptation needs are between 10 and 18 times higher than international public adaptation finance flows. A significant increase in both public and private adaptation finance flows is needed to build more climate resilient communities, communities and ecosystems. 

This community consists of key stakeholders in the financial sector engaged at both global and regional levels. It includes commercial banks, development finance institutions, insurance companies, and central banks from climate vulnerable regions. Additionally, the community encompass climate vulnerable businesses and communities, who are the beneficiaries of financial institutions, as well as academia.

Greater access to high quality information concerning climate-related risks, climate impacts, adaptation needs, as well as the financial and impact benefits of adaptation opportunities, could unlock the required finance.  

The community aims to consolidate and enhance the understanding and application of information flows relating to climate change adaptation that are meaningful to the finance sector, thereby supporting more informed financing decisions. 

Get in touch: diana.diazcastro@un.org