The contributions were announced on Monday at an event held during the United Nations COP30 climate summit in the Amazonian city of Belem in Brazil where adaptation is high on the agenda.
Building resilience to climate change is “an opportunity too large to ignore,” Tariye Gbadegesin, CEO of Climate Investment Funds, said in a statement. The challenge “demands a new kind of response”, she said.
Climate Investment Funds’ new program, Accelerating Resilience Investments and innovations for Sustainable Economies, or ARISE, aims to help developing countries “turn climate risk into opportunity” and to strengthen the “adaptive capacity” of economies, CIF said.
ARISE will work to embed resilience within economic development strategies, unlock new sources of finance and mobilise investment from multilateral development banks, climate funds and private sector, CIF said.
