Plenary: Climate Finance for Disaster Risk Management, Climate Adaptation and Resilience English
GFDRR 
Climate finance flows reached almost $1.3 trillion in 2022, nearly doubling 2020 levels; however, this was primarily driven by a significant acceleration in mitigation finance. Mitigation still accounts for more than 90% of total funding, while adaptation roughly 5%. It is estimated that developing countries currently need about $212 billion per year in adaptation finance up to 2030. Only $56 billion were tracked for adaptation in 2021–2022. There is thus an urgent need to accelerate the delivery of climate adaptation finance on the ground through innovative, collaborative, and transformational approaches and mechanisms. This session will focus on climate finance for DRM, adaptation, and resilience across all levels, from the institutional, national, to the project and local level. It will discuss different financing instruments, mechanisms, structures, and processes for supporting and delivering/implementing DRM and climate adaptation on the ground.
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