A report by the International Institute for Environment and Development (IIED) looks at the need to reconfigure adaptation for urban needs – and how urban leaders can attract climate financing.
This paper examines international, national and municipal mechanisms for financing adaptation, and reveals the systemic barriers that prevent money being channelled into the hands of low-income and highly vulnerable urban residents in low- and middle-income countries, and hinder effective urban adaptation. At the same time, a number of highly organised, pro-poor, locally managed funds are being pioneered across a number of cities in low- and middle-income countries. The paper argues that bottom-up planning and decision-making is emerging as a potential complement to the ineffective top-down financing models, and offers a viable approach to bridge the gap between low-income urban residents and the agencies that claim to support them.
The original report can be found here.
Thanks to Eldis for providing this summary.Image courtesy of the Global Water Partnership.