Published: 01 December 2017
Climate finance refers to local, national or transnational financing drawn from public, private and alternative sources of financing. Climate finance is critical to addressing climate change because large-scale investments are required for adaptation and mitigation. Particularly, climate finance is important for adaptation, for which significant financial resources will be required for community and ecosystem based adaptation. Therefore, ensuring good governance is also equally essential for Financing Ecosystem based Adaptation (EbA) projects. To cope with the negative impact of climate change, Bangladesh has one of the most advanced adaptation plans in place with a vast amount of EbA-related opportunities. However, monitoring findings of TIB on community-based adaptation and EbA initiatives financed through the domestic Climate Fund in Bangladesh show that bridging the gaps between the planning and implementation of project activities is often challenging.
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