Ben Abraham On The Battle For Adaptation Finance At COP30

The Super Bowl of climate politics is almost upon us.

COP30, the UN Climate Change Conference, is about to kick off in Brazil — and expectations are running high for adaptation advocates. Brazilian leaders are fueling that momentum, with COP30 CEO Ana Toni calling the summit a "turning point" for adaptation and resilience.

Once again, the question of finance hangs heavy over the talks. This time around, it's focused on whether rich countries will commit to a dedicated adaptation finance target, one that would channel much-needed resources to poor nations struggling under a barrage of compounding climate shocks.

Which country groups are pushing for this target? What are the arguments against? And how has the adaptation finance landscape shifted over the last year between COPs?

On today's episode, Ben Abraham, Senior Consultant at Instituto Talanoa, a leading Brazilian climate policy think tank, provides the answers.

Ben explains why adaptation finance risks "falling off a cliff" without a new collective target, and unpacks the push by Least Developed Countries to triple current commitments to US$120bn a year by 2030. He outlines the political headwinds from donor nations, the tension between grant-based and loan-based finance, and the technical challenges of tracking whether countries are really delivering what they promise.

The interview also ranges into the debate on the role of blended finance and multilateral development banks in driving adaptation, and explores whether private capital will ever become a meaningful contributor to the cause.

Ben closes by sharing his and Instituto Talanoa's hopes for the summit, along with his vision of what a successful negotiated outcome on adaptation would look like.

Sign up to climateproof.news for more news and insights on climate adaptation finance, tech, and policy.

Questions? Comments? Email Louie at louie@climateproof.news.