How can public and private actors deliver finance to climate-vulnerable communities?

Currently, most inclusive financial service providers (IFSPs) have a limited understanding of the needs, aspirations, perceptions, and behaviours of climate-affected communities. As a result, few have tailored their products in response to the emerging climate crisis On the other hand, governments are making efforts to develop locally-led solutions with a whole-of-society approach. The Least Developed Countries (LDCs) are establishing delivery mechanisms that aim to connect and align national strategies with locally prioritized needs.

At the international level, multilateral funds are also looking for solutions to bring in more actors and innovative, blended financial instruments.

Building on MSC and LIFE-AR's locally-led adaptation (LLA) work in Bhutan, India, Bangladesh, Nigeria, Burkina Faso, Ethiopia, Malawi, The Gambia and Uganda, this session will explore the ways that climate is affecting vulnerable communities and the critical role that public and private actors can and must play to support channeling climate finance to the local level and help build resilience.

This session will highlight the climate finance needs of climate-vulnerable local communities and explore how different actors can collaborate to deliver climate finance at the local level. The session will particularly focus on the efforts taken across LDCs to build whole-of-society delivery mechanisms, and the role and potential of inclusive financial service providers (IFSPs) to deliver finance for climate resilience. The session will contribute to building a shared understanding and commitment around global needs and solutions, and the role that public and private actors can play, from local or national governments, IFSPs to multilateral funds.