Adaptation Finance becomes a highlight at UNEP FI Regional Roundtable
Imagine a future where the financial sector is a powerful engine driving climate resilience across Latin America and the Caribbean. At Cadlas, we’re not just imagining it – we’re working to make it a reality!
Last week, our team had the privilege of helping to deliver the “Scaling Up Climate Adaptation Finance” workshop at the UNEP FI Regional Roundtable on Sustainable Finance in São Paulo. The room was buzzing with energy as participants from across the region came together to tackle one of the most pressing challenges of our time.
Collaboration is Key
Throughout the roundtable, we engaged in deep discussions on physical climate risk and adaptation finance.
A key takeaway? Collaboration is essential. By facilitating peer-to-peer dialogues and knowledge exchange, we saw firsthand how bringing diverse perspectives to the table can spark transformative ideas and solutions.
Piecing Together the Adaptation Finance Puzzle
So, what does it take to scale up adaptation finance? Our workshop participants identified several critical pieces of the puzzle:
- Locally-relevant taxonomies: Adaptation finance frameworks must be co-created with stakeholders to reflect the diverse realities on the ground.
- Alignment with policy: Embedding adaptation taxonomies within national policy instruments like NAPs is key for coherence and impact.
- Measuring what matters: Incorporating resilience and risk reduction KPIs into taxonomies can drive accountability and help track progress against adaptation goals.
- Growing the market: Capacity building and awareness-raising efforts are needed to position adaptation finance as a win-win for risk management and value creation.
Bridging Insights to Action
At Cadlas, we’re committed to turning these insights into action. That’s why we’re proud to be collaborating with the Climate Bonds Initiative on the groundbreaking Climate Bonds Resilience Taxonomy.
This taxonomy will provide a robust framework for identifying and scaling up climate resilience investments. And guess what? It’s grounded in the same principles of inclusivity, alignment, impact, and market development that emerged from the UNEP FI roundtable.
The Path Forward
As we continue to advance the Climate Bonds Resilience Taxonomy and engage with partners worldwide, one thing is clear: the sustainable finance community is a force to be reckoned with.
Together, we have the power to mobilize the capital needed to build a more resilient future for all. So, let’s keep breaking down silos, pushing boundaries, and daring to imagine a world where finance and sustainability go hand in hand.
Stay tuned for more updates on our work to scale up adaptation finance through the CAIL community of practice. And if you’re ready to join the movement, drop us a line! We’d love to explore how we can collaborate to drive climate resilience in Latin America, the Caribbean, and beyond.
