Parliaments Call for Climate Adaptation Finance
During London Climate Week, a parliamentary dialogue shone the spotlight on the critical political capital parliaments hold in ensuring that global climate adaptation targets can be realized.
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he Global Center on Adaptation (GCA), the Southern African Development Community Parliamentary Forum, and DanChurchAid recently co-hosted a parliamentary dialogue for parliamentarians from Africa and Europe during London Climate Action Week.
While holding varying perspectives, participants agreed that adapting to the impacts of climate change is a necessity, and parliaments hold critical political capital in ensuring that global climate adaptation targets can be realized.
Dr. Ede Ijjasz-Vásquez, Senior Advisor to GCA’s CEO highlighted that global climate finance had doubled to US$1.3 trillion annually in the 2021-2022 period compared to the US$653 billion tracked on average in the 2019-2020 period.
Dr. Ijjasz-Vásquez’s presentation stressed a growing concern that global climate adaptation finance is becoming less prioritized. According to the State and Trends in Climate Adaptation Finance 2024 report, the proportion of total climate finance allocated to adaptation dropped from 7% between 2019 and 2020 to 5% between 2021 and 2022. He said countries, particularly those at the forefront of the devastating impacts of climate change, continue to be confronted with the pressing need to find innovative ways to increase climate adaptation finance.
The Right Honorable Roger Manciene, Speaker of the National Assembly of the Seychelles and President of the Southern African Development Community Parliamentary Forum, emphasized that parliaments have a lot to contend with but must remain mindful of the dangers that climate change represents for the region and the world. He stressed that climate adaptation is everyone’s business and that parliamentarians must ensure that it permeates national plans.
Right Honorable Advocate Jacob Francis Nzwidamilimo Mudenda, Speaker of the Parliament of Zimbabwe, underscored that Africa, despite contributing around 3% of global carbon emissions, suffers disproportionately from the impacts of climate change. He emphasized that African parliaments ought to provide thought leadership in translating protocols that respond to the adaptation agenda at the national and regional levels.
Right Honorable Jabulani Mabuza, Speaker of the Parliament of Eswatini, provided insights on the efforts made by Eswatini on the climate adaptation agenda. He stressed that despite these efforts, there is a continued need to strengthen the monitoring of climate finance, build capacity to access climate adaptation finance, and engage continuously across the African continent and beyond on best practices to “leapfrog towards more effective adaptation finance mobilization and adaptation action.”
Key Takeaways from the Panel Discussion:
- Innovating to Incentivize the Private Sector: Participants noted that public resources for climate adaptation are limited and shrinking. They agreed that the involvement of the private sector, was thus necessary to bridge the financing gaps to build resilience against climate change impacts. Parliamentarians were called upon to support the establishment of clear regulatory frameworks that incentivize private sector investment in climate adaptation through tax incentives, subsidies, and other financial benefits.
- Enhancing Adaptation Finance Accountability: Discussions placed emphasis on the function of oversight, rooted in ensuring transparency and accountability in the use of climate adaptation finance. Demonstrating the ability to monitor, track, and evaluate the effectiveness of current investments into climate adaptation was considered crucial.
- Strengthening Policy Cohesion and Enhancing Cross-Sectoral Collaboration: Parliaments were encouraged to ensure that climate adaptation finance is effectively integrated into broader development policies and strategies. Participants identified the fragmented nature of government policies as a challenge. They considered effective monitoring and evaluation mechanisms vital to ensure that climate adaptation finance is utilized efficiently and that it achieves its intended outcomes. Parliaments were also tasked with ensuring that climate adaptation finance reaches the most vulnerable populations through inclusive access to adaptation resources.
- Limitations and Opportunities in Mobilizing Resources for Climate Adaptation: Participants acknowledged that while many African countries already invest in climate adaptation, there is still an urgent need for finance. . Countries in the global north were urged to deliver on promises to scale up climate adaptation finance.
In sum, participants agreed that the climate emergency is a reality for many communities currently experiencing its impacts. They acknowledged that parliamentarians have a crucial role to play in both legislative processes and as vocal advocates for a greater focus on climate adaptation.
There was consensus that by ensuring that climate adaptation is a key component of national development and integrating adaptation finance into broader development policies, parliamentarians can help create a resilient and sustainable future for all.
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Mattias Söderberg is the Global Climate Lead at DanChurchAid.
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Rachel Mundilo is the Program Manager for the Committee on Food, Agriculture, Natural Resources, and Climate Justice at the Southern African Development Community Parliamentary Forum
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Selamawit Wubet is the Global Lead, Climate Diplomacy at the Global Center on Adaptation.
