Standard Chartered, KPMG, UN Body Launch Roadmap to Boost Climate Adaptation Funding

Standard Chartered, KPMG, and UNDRR are urging increased financing for adaptation and resilience, especially in emerging markets. They have launched a groundbreaking Guide for Adaptation and Resilience Finance, supported by over twenty financial institutions, to address the current funding gap. The guide offers clarity, identifies priority investments, and maps over 100 investable activities, aiming to bridge the global shortfall in adaptation funding. Less than 10% of climate finance is currently allocated to adaptation, and the guide seeks to mobilize greater investment in this area. It provides a practical tool for investors and financial institutions, helping them understand and navigate the opportunities in adaptation and resilience. The partnership between Standard Chartered, KPMG, and UNDRR aims to accelerate the deployment of capital towards adaptation and resilience, promoting sustainable finance practices ahead of COP29. Resources: https://esgnews.com/standard-chartered-kpmg-un-body-launch-roadmap-to-boost-climate-adaptation-funding/