The World Bank’s Board of Executive Directors today approved US$27.2 million in financing to the Republic of Moldova for the Climate Adaptation Project, which will help Moldovans to protect their farms, forests and pastures from climate change in specific zones, and strengthen national disaster management systems.
The 2016 Adaptation Gap Report assesses the difference between the financial costs of adapting to climate change in developing countries and the amount of money actually available to meet these costs – a difference known as the “adaptation finance gap”. Like the 2014 report, the 2016 report focuses on developing countries, where adaptation capacity is often the lowest and needs the highest, and concentrates on the period up to 2050.
Many people are putting their faith in private finance – particularly international private finance streams such as foreign direct investment and loans – to finance climate adaptation in LDCs and SIDS, but this faith may be misplaced.
In Lushoto, Tanzania, a cluster of CCAFS climate-smart villages nestle in the stunning Eastern Arc Mountains, stretching between Tanzania and Kenya. The richly diverse landscape is a hotspot of biodiversity, its sloping hillsides supporting a wide range of agricultural produce – from vegetables, beans, sugarcane and cassava to agroforestry.
With a population of 140 million, Bangladesh is one of the world's most populated countries. It is also one of the most vulnerable to the impacts of climate change. Cyclones, floods and droughts have long been part of the country's history but they have intensified in recent years. As a result of the long exposure to these hazards, Bangladesh is a world leader in adaptation strategies but this has come with a heavy price tag.