Climate Adaptation Finance – Fact or Fiction?

In 2009, developed countries made a commitment to support climate activities in developing countries. They promised to mobilize climate finance and scale it up to $100 billion in 2020, half of which to be spent on helping vulnerable people and countries adapt to climate change.

So that these financial commitments can be tracked, developed countries report how much they spend on international climate finance to the UNFCCC and OECD. We have looked at the numbers, and our conclusion is clear: current official figures for adaptation finance are severely overstated and far too high.

Read the full report here.