UN Climate Change News, 22 June 2019 - Accessible, adequate, and predictable finance is critical for developing and implementing adaptation action, from the local to the regional level, around the globe. Leading authorities on adaptation and finance will convene in Bonn on 25 and 26 June for the 2019 technical expert meeting on adaptation (TEM-A) to survey the adaptation finance landscape and discuss concrete actions that can help it better serve adaptation action for vulnerable countries, groups and communities. Now in its fourth and penultimate year, this year’s TEM-A is focusing on the topic of Adaptation finance, including the private sector.
Developing countries already face an adaptation finance gap, which will only grow in the absence of increased public and private adaptation finance, according to UN Environment. The 2016 UNEP Adaptation Finance Gap Report estimated that adaptation finance costs in 2030 are likely to range from USD 140-300 billion per annum, requiring finance that is approximately 6 to 13 times greater than international public finance for adaptation today.
Stimulating discussion on a wide range of adaptation finance topics
Throughout the TEM-A, panelists and attendees will help guide policymakers and practitioners towards unlocking more of the required adaptation finance. Representing various sectors and regions, these experts will mine for valuable insights and illustrative examples throughout seven sessions addressing topics from emerging sources of adaptation finance, to assessing the impact of adaptation finance, to financing the commercialization of adaptation technology solutions.
In recognition of the important role of the private sector, both to provide adaptation finance but also to seek and deploy it for its own adaptation needs, mobilizing the private sector will form an important thread of discussion running through all the sessions. Speakers and experts from the private sector will attend the meeting to share their experiences and ideas.
The TEM-A is the cornerstone of the technical examination process on adaptation, which was established in 2015 to identify concrete opportunities for strengthening resilience, reducing vulnerabilities, and increasing the understanding and implementation of adaptation actions. Each year, the case studies and good practices from the meeting are reflected in a technical paper and summary for policymakers, and help sow the seeds of strengthening pre-2020 adaptation action.
The meeting’s sessions are designed and led by six volunteer expert organizations, namely, the Green Climate Fund, the Stockholm Environment Institute, the UNEP-DTU Partnership, the Adaptation Fund, the Red Cross Red Crescent Climate Centre, and the Climate Technology Centre and Network, with the Green Climate Fund volunteering to take on the overall coordination of the meeting.
- See the agenda for the 2019 TEM-A here
- Further details about the technical examination process on adaptation can be found here
- Live webcast