The Devolved Climate Finance mechanism: Principles,implementation and lessons from four semi-arid countries
DCF Alliance
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Abstract: The impacts of climate change and extreme climate shocks pose a particular threat to communities in developing countries,especially those reliant on resource-based livelihoods. Most adaptation efforts are required at the local level,but current climate finance mechanisms are not flowing at the scale and speed necessary to address the climate crisis in vulnerable regions. For the funding that is available,national centralised institutions for implementing f inancing and planning adaptation are rare,and are often not well positioned to incorporate the existing climate resilience strategies of communities—especially when investing at the local levels. New and integrated adaptation planning and financing systems,that can mobilise and deliver climate funds where they matter most,are needed to tackle the drivers of vulnerability in communities facing chronic poverty,resource degradation and climate change. Such systems require a combination of multiple complementary approaches — centralised and localised,public and private — to successfully enable citizens to anticipate and adapt to climate shocks,and support them in building long-term resilience.