Finance for adaptation at the level of local government in South Africa
The report finds that the adaptation finance gap in South Africa is particularly pronounced at subnational level, and risks attainment of national adaptation commitments. Closing this gap requires tapping an array of climate finance sources, both national and international. However access differs between municipalities, reflecting different revenue raising and financial management capacities. Ensuring that vulnerability assessments have been conducted and that adaptation plans exist is important. Multilateral climate funds can support the process by better aligning their requirements with local realities.
