The Challenges of Climate Financing in Conflict Contexts
Publisher: European Institute of Peace
Author(s): Sagal Abshir
Date: 2023
Topics: Climate Change, Conflict Prevention, Governance, Humanitarian Assistance, Programming
Countries: Somalia, Yemen
Amidst a general global underfunding of climate action, fragile and conflict-affected states struggle to secure climate financing. This is the case even for countries where climate change exacerbates the impact of chronic war and poverty.
Although the funding gap is known, climate finance flows are scarce and scattered to fragile and conflict-affected to adapt and mitigate lag behind what has been promised and what is needed. In the cases of Somalia and Yemen, which are highly vulnerable to climate impacts, it averaged only USD 2 per capita. More generally, the total annual global flows of climate-related finance averaged a little over USD 600B in 2019-2020 – only a third of the IPCC’s estimate of funding required to reach our climate targets – from which only 10 per cent is directed to climate adaptation.