Resource | February 2017 | University College London (UCL)
Existing flows of global climate finance (at least $391 billion per year) are sourced primarily from Development Finance Institutions (DFIs) and project developers themselves. A substantial ‘investment gap’ remains between the existing levels of climate finance, and those required to achieve the requisite level of decarbonisation to maintain a 2°C pathway (over $1 trillion per year).
In the field of adaptation governance research, current discussion on the barriers to adaptation shows that theoretical explanations for why institutions emerge and how they enable or constrain adaptation are underdeveloped.
