Insight: Channelling investment to support adaptation and resilience in developing economies
The recently released final report of the Intergovernmental Panel on Climate Change (IPCC) confirms that climate change is occurring at a faster pace than previously estimated, leading to more severe consequences than anticipated, and the window for effective action is rapidly closing.

The vulnerability of developing countries is particularly acute, highlighted by the recent devastating floods in Pakistan and extreme weather events across Africa, and investment in adaptation and resilience is critical. However, the current shortfall is significant. According to the United Nations Framework Convention on Climate Change (UNFCCC), developing countries will require between $70 billion to $100 billion per year by 2050 to finance adaptation measures.

In this interview we hear from Minister Sherry Rehman, Pakistan’s Minister for Climate, who is leading on the country’s National Adaptation Plan for building resilience to climate change.

Minister Rehman discusses the impact of the recent devastating floods which covered one third of the country and affected over 33 million people. We also discuss the role of the global finance community, and the evermore urgent need to step up climate investment in developing economies.

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