Water investments can and must deliver better for both mitigation and adaptation, and for both people and nature. We know what needs to be done, and the time to act is now. Climate finance for water must support and enhance national climate plans – nearly 90% of NDCs prioritise water among their adaptation actions.[1] It must be better targeted to the most vulnerable countries – many of which get only $1 per person, per year in international climate finance for water-related adaptation.[2] It must protect and restore nature: investing in nature-based solutions where they can reduce exposure to flood risks and help retain water in the landscape, thereby reducing the impact of intra-year water variability.[3]
The water community must also help grow the climate finance pot, by demonstrating investable solutions, at scale, and making all water finance flows consistent with low-emissions, climate-resilient development pathways.[4] At the critical juncture at COP26, this session will bring together state and non-state representatives as countries raise ambition and turn to implementable solutions. Together, we will show we have the tools and imagination to ensure climate finance for water is transformative, for both our communities and our environment.
Further info at:
https://www.waterforclimate.net/meetings/virtual/3QQ3QxNdJ2aeL2ueM