Episode 5

#5 Is climate adaptation the only hope, specifically for LDCs?

UN Secretary General Antonio Guterres opened this year’s United Nations Climate Change Conference—or COP25—by issuing the warning that “the point of no-return is no longer over the horizon.” This follows the release of the UN Environment Programme’s Emissions Gap report, which stated that we are on the brink of missing the opportunity to limit global warming to 1.5 degrees Celsius.

But do these circumstances mean that the international community will recognize the critical role of local governments to advance appropriate climate action? Will there be a more concerted effort to finance such climate action in the world’s least developed countries, which will feel the worst effects of climate change. And will this signal rising support for adaptation measures in relation to mitigation?

David Jackson, Director of the Local Development Finance Practice of UNCDF who oversees our local climate adaptation programme (LoCAL), shares his thoughts on all of these questions, as well as what we can reasonably expect from this year’s COP25. We sat down with David just days before COP25. 

Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

About the Podcast

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Capital Musings
Capital Musings is the Podcast show of the UN Capital Development Fund (UNCDF)

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United Nations Capital Development Fund

The UN Capital Development Fund makes public and private finance work for the poor in the world’s 45 least developed countries (LDCs).

UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.

UNCDF pursues innovative financing solutions through: (1) financial inclusion, which expands the opportunities for individuals, households, and small and medium-sized enterprises to participate in the local economy, while also providing differentiated products for women and men so they can climb out of poverty and manage their financial lives; (2) local development finance, which shows how fiscal decentralization, innovative municipal finance, and structured project finance can drive public and private funding that underpins local economic expansion, women’s economic empowerment, climate adaptation, and sustainable development; and (3) a least developed countries investment platform that deploys a tailored set of financial instruments to a growing pipeline of impactful projects in the “missing middle.’’