Using climate financing wisely to address multiple crises

P. Laderach, B. Desai, G. Pacillo, S. Roy, Katrina Kosec, Sandra Ruckstuhl and A. M. Loboguerrero
Additional contact information
Sandra Ruckstuhl: International Water Management Institute

Papers published in Journals (Open Access), 2024, 3(2):e0000355.

Abstract: A convergence of several risk drivers creates the compound crises we see across the globe today. At the same time, the global humanitarian community and national institutions in affected countries are increasingly resource constrained. In this context, existing financing mechanisms should be evaluated for their potential to create synergies between social protection, peace, and inclusion objectives on the one hand and climate resilience outcomes on the other. The existing international architecture of climate change mitigation and adaptation policy and financing holds, in principle, the potential to address not only its main purpose of climate action, but also to contribute to development outcomes and address multiple risk drivers. Examples of this exist, but for these mutual benefits to emerge, and for climate finance to contribute more significantly to crises prevention, the agendas must become more aligned. Aligning several factors may enable coherence: i) Timeframes, from short-term response to multi-year programming; ii) Planning and targeting, moving towards conflict-sensitive area-based approaches and universal access to services; iii) Institutional arrangements and partnerships, coordinated national planning and jointly implemented local action.

Keywords: Climate change adaptation; Financing; Climate resilience; Risk reduction; Policies; Institutions; Partnerships; National planning; Water systems (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.plos.org/climate/article/file?id= ... 00355&type=printable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iwt:jounls:h052589

DOI: 10.1371/journal.pclm.0000355

Access Statistics for this article

More articles in Papers published in Journals (Open Access) from International Water Management Institute Contact information at EDIRC.
Bibliographic data for series maintained by Chandima Gunadasa ().