Discover the guide by MIP4Adapt that directs regions and local authorities to sources for identifying suitable opportunities in the dynamic climate finance landscape! It provides detail on the different financial sources under funding, financing, and mixed and alternative sources.
This guide addresses the pressing concern of insufficient climate finance for local and
regional authorities eager to undertake climate adaptation actions. Through consultations,
stakeholders have highlighted the challenges in securing support for funding and financing
processes. It serves as your resource, offering a roadmap from project preparation to successful
application, ensuring a seamless transition to effective climate adaptation.
To aid your understanding, the guide introduces diverse funding and financing options, such as
grants, PPPs, crowdfunding, and philanthropic funds, each explained with benefits for informed
decision-making. It reveals paths to financial resources and imparts insights on enhancing
preparedness before seeking funding or financing.
Distinguishing between funding and financing, the guide clarifies funding as non-repayable
money for project development, while financing involves repayment obligations, often with
interest. Financial institutions typically provide financing through loans, with careful consideration
of terms.
While not listing specific funding sources, the guide acts as a gateway, directing stakeholders to
sources for identifying suitable opportunities in the dynamic climate finance landscape. By
fostering thorough preparation and proactive engagement, the guide empowers you to navigate
funding and financing processes efficiently, contributing to the success of climate adaptation
initiatives.