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Mainstreaming and Decentralizing Climate Change Adaptation Finance

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We already live in a climate changed world. Such is the conclusion reached by the IPCC AR4 and the latest findings of Working Group I of the AR5. The impacts are manifest already in different parts of the world in varying degrees of sea level rise and greater frequency and severity of climate disasters. The LDCs are particularly vulnerable to these impacts, which have very weak adaptive capacity. Climate change tends to undo their hard-won development gains. Their vulnerability is a joint product of cumulative development and adaptation deficits. Obviously, mainstreaming of adaptation makes common sense, since it is difficult to differentiate between development and adaptation in these countries.

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