Accelerating investment in adaptation: Launching the OECD’s Climate Adaptation Investment Framework

OnlineNov 14, 2024 | 12:00 PM - 1:00 PM

Description

Climate change impacts are increasingly being felt and are projected to become more extreme. Investment in climate adaptation can reduce losses, protect lives and livelihoods, and contribute to sustainable development. Yet, current levels of investment are insufficient: developing countries will require an estimated USD 215 billion per year to adapt to climate change, and investment needs in high-income countries are likely to be in a similar order of magnitude. Current recorded finance flows for adaptation are only in the tens of billions of dollars per year. Private sector investment remains largely untapped, with annual average recorded flows of USD 4.7 billion between 2019 and 2022. This session will launch the OECD Climate Adaptation Investment Framework, developed to help governments put in place the policies needed to increase public and private investment in climate change adaptation. It will include a panel discussion on how governments, multilateral development banks (MDBs) and the private sector can help to unlock adaptation investment at scale.

Moderated by

Michael Mullan

OECD

Senior Analyst

Keynote speech

MBG

Mary Beth Goodman

OECD

Deputy Secretary-General

https://www.linkedin.com/in/mary-beth-goodman-3643406/

Speakers

Iris Mantovani

OECD

Economist and Project Manager

Sabrina Nagel

Atlantic Council

Senior Advisor Global Policy and Public Finance

Nicola Ranger

University of Oxford

Director, Global Finance and Economy Group & Resilient Planet Finance Lab

ASR

Arghya Sinha Roy

Asian Development Bank

Principal Climate Change Specialist (Climate Change Adaptation)

Find out more Related resources

The Climate Adaptation Investment Framework has been developed to help governments unlock increased investment in adaptation by strengthening their domestic policies. Building on the OECD's Policy Framework for Investment and Foreign Direct Investment Qualities Policy Toolkit, it provides non-prescriptive guidance covering critical policy areas for climate adaptation, as well as useful questions, examples of good practice and links to relevant resources.

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