Adaptation Funding and the World Bank Investment Framework Initiative
A recent World Bank Report estimates that ‘climate-proofing’ investments in developing countries – excluding additional investment needed to reduce the exposure to current climate risks and climate related damage that will have already occurred – will cost between $9 and $41 billion annually. In this background paper prepared for the Gleneagles Dialogue, Dr Benito Müller looks at how these rather large funding needs could be dealt with.
