“Equitable Allocation of Climate Adaptation Finance: Considering Income Levels Alongside Vulnerability” by Patrícia Galvão Ferreira:
The 2015 Paris Agreement elevates the goal of climate adaptation to the same level of importance as the goal of climate mitigation, and emphasizes the need to mobilize finance for climate adaptation in developing countries. As of February 2017, however, the financial gap for climate adaptation remained monumental. With the administration of US President Donald Trump threatening to interrupt American financial flows to the climate regime, developing countries are expressing growing concern about the ability of developed country parties to mobilize enough finance to meet the sizeable costs of their climate adaptation needs.
In this context, the question of how to equitably allocate scarce adaptation finance among competing developing countries has gained renewed relevance.
