Blog Post - April 2024

The emergence of ‘Resilience Credits’: How a new asset class can unlock investment in climate resilience — and why impact measurement will be key to its success

H.E. Dr. Rania A. Al-Mashat, Dr. Jyotsna Puri, Jonathan Phillips
There’s an unfortunate reality at the heart of the discussion on climate justice: Investments aimed at building the resilience of climate-vulnerable communities are falling woefully short — and the private sector is almost entirely absent, with just a 2% share of these investments. The UN’s Adaptation Gap Report finds that the amount of investment needed for developing countries to adapt to the changing and uncertain climate is 10-18 times greater than what is currently flowing, creating an estimated annual adaptation finance gap of US $194 to $366 billion. Innovative approaches are clearly needed to stimulate investments in climate adaptation and resilience (A&R) from both the private sector and the households that can benefit from these measures.
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