Climate Action Network calls on UK to increase quantity, quality of climate finance for adaptation

The UK Climate Action Network (CAN-UK) and BOND, the UK network for international development NGOs, issued a new report in response to the Intergovernmental Panel on Climate Change (IPCC) Sixth assessment report.

The report focused on adaptation, loss & damage (L&D) financing, investment, and ecosystem preservation and called upon the UK to use its COP26 Presidency in 2022 to:

  1. Increase the quality and quantity of climate finance for adaptation: The report calls for the UK, as COP26 President in 2022, to work with other countries to ensure the delivery of the original US$100 billion climate finance commitment and to start work on a new collective quantifiable climate finance goal to replace the US$100 billion in 2025. The report urges the UK, when setting the future finance goal, to move away from top-down donor-led negotiation processes and to instead ensure any new agreement is based on science, needs, and justice;
  2. Broker an agreement on L&D finance by COP27: The report calls for the UK to utilize its Presidency this year to prioritize an agreement for a new, and well-resourced, finance facility for loss & damage;
  3. Drive forward the Global Goal on Adaptation (GGA) with concrete actions: The report calls upon the UK to set out a clear unambiguous goal for GGA and to set milestones for assessing progress towards this goal in 2022 and 2023;
  4. Embed locally-led, inclusive, and rights-based adaptation into climate action: The report calls on the UK to set an example and ensure that UK International Climate Finance is spent on inclusive and locally-led adaptation. The report also calls for the Principles for Locally Led Adaptation, which have been endorsed by Foreign, Commonwealth and Development Office (FCDO), to be mainstreamed across all UK ICF programming;
  5. Increase investment in high-quality ecosystem-based adaptation: The report urges the UK to increase the role of nature in its Nationally Determined Contribution (NDC) and Adaptation Communication this year;
  6. Integrate and promote early warning and early action:  The report calls for the UK to ensure it has integrated climate change adaptation across all development and humanitarian programming and provides long-term finance to enable this to happen. It also notes that the forthcoming Global Platform for Disaster Risk Reduction in May 2022 provides an opportunity for the UK to advocate for international financial institutions and partner countries to do the same;
  7. Transform agricultural investment to support sustainable practices: The report calls for the UK to use mechanisms identified within the Just Rural Transition Policy Action Agenda to ensure policies that support sustainable agriculture and calls for the UK to ensure that the FCDO’s agriculture strategy and programming support agroecology approaches.

Report – CAN-UK /BOND Adaptation and Vulnerability Report