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Climate Finance

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Climate finance refers to the financial resources that are allocated to help mitigate and adapt to the adverse effects of climate change, particularly in vulnerable countries. The need for climate finance is ever increasing due to escalated impacts of climate change and the associated costs for mitigation, adaptation and resilience.
 

It is estimated, based on modelled projections using the United Nations Global Policy Model (UN GPM), that developing countries would need about $1.1 trillion in climate finance from 2025 and about $1.8 trillion by 2030.
 

4.7 billion people, approximately 60% of the world’s population, reside in Asia and the Pacific with an urban population of over 2.2 billion people that contributes to about 54% of the global urban population that is expected to grow by further 1.2 billion people by 2050. Therefore, Asia leads the way in executing climate financing projects as an answer to a global solution.
 

Climate finance is crucial for addressing the multifaceted challenges posed by climate change. It enables countries to reduce their carbon emissions, adapt to climate impacts, and promote sustainable development, especially in vulnerable communities and regions. Without adequate climate finance, achieving the necessary global climate goals and ensuring equitable solutions will remain an insurmountable challenge.
 

Thus, AIT RRC.AP Climate Change provides the necessary support to assist countries, communities and stakeholders to access climate finance. We facilitate capacity building programmes, mentoring sessions and provide internationally tested tools and models along with knowledge sharing initiatives as support to climate finance in Asia and the Pacific. We also assist governments in Asia and the Pacific with their Green Climate Fund Readiness Grants linking them to National Adaptation Plan (NAP) processes that would contribute to NDCs for the Paris Agreement.
 

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Our Actions

The Capacity Building Programme on Developing Project Proposals for Climate Change Adaptation and the Green Climate Fund Simplified Approval Process, while promoting the importance of effective climate change adaptation, will provide: an opportunity for stakeholders in Thailand to enhance their capacities for developing bankable project proposals; a platform for knowledge sharing and exchange of good practices among participants; and a space for multi-stakeholder cooperation in developing climate change adaptation project proposals.

Regional Resource Centre for Asia and the Pacific
3rd Floor, Outreach Building 
58 Moo 9, Km 42, Paholyothin Highway 
Asian Institute of Technology, P.O. Box 4
Klong Luang, Pathum Thani 12120, Thailand
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