Title |
Blue-tinted White Paper: Investment Protocol, Unlocking FInancial Flows for Coastal Adaptation to Climate Change and Resilience Building
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NWPWeblink |
https://climatechampions.unfccc.int/wp-content/uploads/2022/09/Investment-Protocol-for-Coastal-Cities-Adaptation-and-Resilience.pdf |
NWPTypeOfOrganization |
Civil society
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NWPGeographicRegion |
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Scope of work |
Assessment
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NWPMandatesandFrameworks |
The White Paper is the first pillar of a 3-pillar Investment Protocol. It provides a summary of funding gaps, as well as options, mechanisms, and stakeholders to unlock financial flows for coastal resilience. The White Paper’s frameworks include: (1) structuring cities’ demand to scale up the number and amount of projects (2) assessing risk and pricing to mobilise private investment (3) leverage the Blue Economy to attract private capitals. |
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NWPEffortsToAddressSOE |
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NWPRelevantStakeholders |
Private banks, asset managers, pension funds, private equity firms, insurance and credit rating agencies; multilateral banks, international development aid; philanthropic and impact investment sectors, relevant blue economy/blue tech industries such as coastal tourism, real estate, shipping, ports, fisheries and aquaculture, offshore renewable energy, as well as innovators at a variety of scales; and coastal cities leaders, practitioners and related funding and financing institutions. |
NWPFocusonNElossesFlag |
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NWPImpactAreas |
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NWPOutputs |
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Good practices and lessons learned |
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NWPGapsChallenges |
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Date of submission |
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Abbreviation |
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Activities |
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Adaptation element |
Adaptation planning and practices; Capacity building; Financial support
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Adaptation sector/theme |
Coastal areas/zones; Adaptation finance; Human settlements; Urban resilience
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Climate hazard |
Floods; Salinization; Sea level rise; Storm surges
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Country |
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NWPDataSource |
Primary data collected through inputs of 24 experts from leading organizations on the topic and representatives of 7 cities who shared insights and provided review. Secondary data include a range of scientific papers, reports and grey literature.
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Description |
Given the important role that coastal cities play in supporting global economies and safeguarding communities, actions must be scaled to ensure they have the resources necessary to set up a pipeline of bankable projects as well as for implementation. If mechanisms exist to support cities to adapt to climate change, coastal cities face unique challenges but also hold opportunities which require tailored efforts. This Blue-Tinted White Paper provides a summary of funding and financing options and mechanisms, as well as a mapping of the key stakeholders. This paper highlights main gaps and puts forward recommendations to unlock financial flows at the scale needed. |
Expected outcome |
Inform key stakeholders involved in funding and financing coastal cities’ adaptation by helping them address structural barriers (e.g., capacity, resources, feasibility studies, risks aversion, etc.) and by providing an avenue for “radical collaboration’’ among key private and public financial institutions, relevant blue economy industries and coastal cities. |
Further information |
Blog post: https://ocean-climate.org/en/unlocking-financial-flows-for-building-resilient-coastal-cities/ |
NWPGeographicScope |
Global; Local; National; Regional; Subregional; Transboundary
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Indicators of achievement |
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NWPInformationType |
Knowledge Resource
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NWPJoinDate |
25/06/2024
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NWPPartner |
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Purpose |
The white paper provides a summary of funding and financing options, mechanisms and stakeholders, it highlights main gaps and puts forward recommendations to unlock financial flows for coastal cities’ adaptation and resilience. |
Regional group |
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Target group |
Academics and scientists; Policy makers; Practitioners; Private sector
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NWPWorkStream |
NWP
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NWPYear |
2,019
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NWPOutcome |
Scaled up, improved access and sustainable approach to finance coastal cities’ adaptation. |
NWPPartners |
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Type of knowledge resource |
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Scale of work |
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NWPSlowOnsetEvents |
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NWPReferences |
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Implementing partners |
High Level Climate Champions, Resilient Cities Network, ICLEI |
NWPYearPublication |
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NWPUpdate |
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SourceItemID |
2533
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NWPSecendaryEmail |
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NWPPrimaryEmail |
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NWPTypeOfKnowledge |
Technical document/report;#Policy brief
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NWPRelevantWeblinks |
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Attachments
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