The people of Asia and the Pacific are highly vulnerable to the negative impacts of climate change due in part to the high concentration of people living in coastal areas and river basins. Many countries in the region experience frequent and intense flooding, drought and extreme storm events, putting people’s lives at risk and undermining economic growth.
Globally, the financing needs for climate change adaptation in developing countries are estimated at US$100 billion annually. Various climate change funds associated with the United Nations Framework Convention on Climate Change have been established, with a goal of mobilizing US$100 billion per year for climate change adaptation and mitigation by 2020.
Many developing countries face challenges in accessing these funds because they lack sufficient capacity to prepare high-quality adaptation project proposals. The U.S. Agency for International Development (USAID)-funded Adapt Asia-Pacific program implemented by AECOM is designed to overcome these challenges. Principal activities include:
- Building national capacity to prepare adaptation projects;
- Facilitating access to climate change adaptation finance;
- Organizing training and peer-to-peer learning; and,
- Promoting regional networking and training.
USAID Adapt Asia-Pacific works with regional, international and U.S. partners to undertake these activities, and share and replicate best practices. Successes have included:
- Benefitting more than 670,000 people through facilitated climate change adaptation projects;
- Strengthening the Asia Pacific Adaptation Network’s (APAN) to serve as regional platform for climate change adaptation knowledge sharing and management;
- Developing 19 climate change adaptation projects in the Asia and Pacific regions in association with national and international partners; and
- Leveraging approximately an additional US$391 million investment in climate change adaptation financing in the target countries from international development partners.