The document summarizes discussions from a breakout group at the CCXG Global Forum on adaptation finance. Key points discussed include the need to further define adaptation and consider relationships between adaptation and disaster risk reduction. Participants noted that adaptation actions are more effective when integrated into sectoral and national policies, but that adaptation finance still lags behind needs and mitigation finance. Mobilizing private adaptation finance is challenging and cannot replace public finance. Opportunities for increasing adaptation finance include ensuring complementarity between funding sources and integrating adaptation into broader policies. Barriers include limited global climate funds and complex funding access procedures. Potential elements for the 2015 agreement discussed establishing a global adaptation goal and mainstreaming adaptation into development planning.

1. Climate Change Expert Group
www.oecd.org/env/cc/ccxg.htm
CCXG Global Forum
17 September 2014
Co-facilitated by
Inka Gnittke and Isabel Cavelier Adarve
Breakout Group B Adaptation finance

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Climate Change Expert Group
All are trying to think about what works on the ground

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Climate Change Expert Group
At the same time it proves difficult to combine it with high- level political concepts.

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Climate Change Expert Group
General discussion points
We identified issues that require further thought:
oDefinitions of adaptation, including the discussion on incremental costs
oNeed for short and long term planning
oThe relationship (or not) of disaster risk reduction and adaptation action
oDifferent exposures to adaptation (direct/indirect, local/distant)

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Climate Change Expert Group
General discussion points (2)
Adaptation actions are more effective when integrated into sectoral/national policies
Adaptation finance is lagging behind mitigation finance, and behind needs
Private adaptation finance can be driven by direct and indirect motivations.
Mobilising private adaptation finance is challenging. It cannot replace public finance.
Disparity between what is committed, and what disbursed

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Climate Change Expert Group
Opportunities and barriers to increase adaptation finance
Opportunities exist both for public and private and finance
oEnsure complementarities between funding sources (e.g. development finance)
oIntegration of adaptation issues into broader policies or programmes reduces costs, increases effectiveness
oPromote the development of financial and risk-sharing mechanisms
Barriers to be addressed
oAvailability of global CF, including for adaptation
oComplex access procedures to funds
oFragmentation of delivery of CF

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Climate Change Expert Group
Some possible elements mentioned for the 2015 agreement
Global goal on adaptation (quantitative and qualitative approaches, not mutually exclusive)
Recognition of adaptation as a global public good
Mainstreaming adaptation in development planning
Clarity in the interpretation of adaptation
Recognition of country actions on adaptation
… more discussion is needed