In WP1, CLIMATEFIT provided critical resources for capacity building, co-creation of AFFS, and delivery of policy recommendations. It supported other EU projects by sharing insights on climate adaptation finance challenges, barriers, and the investment landscape in specific countries. WP1’s results help inform projects in similar territories, offering international best practices for innovative finance solutions. Its innovative tools, such as maturity assessments, can be adopted to measure PAs' and FIEs' capacity to access and manage adaptation finance. These tools and insights play a significant role in strengthening local adaptation finance and building a more cohesive approach to climate adaptation.
In WP2, the Level 1 training explored the nexus of climate change, finance, and adaptation strategies. The investment strategy methodology, defined by 10 modules, provides practical guidance to prioritize investments. Modules will be further developed.
WP3 focuses on translating investment strategies into actionable, financially sound plans. By fostering public-private collaboration, it enables scalable climate projects and promotes innovation in financial instruments, helping to unlock new financing avenues.
WP4 has started establishing Local Resilience Taskforces (LRTs) in four territories, enhancing collaboration and realising investment cases for climate adaptation. These models can be replicated across Europe, driving increased adaptation finance.
WP5 strengthens the role of a EUNLRT in driving climate adaptation finance and awareness. Through the European Network and One-Stop Shop, its findings help scale innovative adaptation finance solutions across regions.
The Policy White Paper produced in WP6 provides insights to climate adaptation and contributes to establishing the enabling conditions to unlock public and private financing for new adaptation investment opportunities.
