Finance For Climate Change Responses
Access to climate change funding among small Pacific developing member countries (DMCs) is constrained by their limited human and technical capacity to prepare funding proposals and implement climate change-related programs and projects amidst the complex global climate funds architecture. Programs on all sides would benefit from greater harmonization and transparency of financing conditions and processes. Climate finance needs to be embedded in national development strategies and integrated with national budgets, supported through capacity development. The Asian Development Bank (ADB) is supporting a working group of Pacific Finance Ministers to address these challenges.
This flyer gives an overview of the findings of a study financed by ADB that examined the funding needs of developing member countries in the Pacific that will enable them to adapt to the challenges posed by climate change.