Perspectives on climate change and adaptation funding in developing countries

Abstract

Most studies concur that climate change could seriously affect the sustainability and well-being of developing countries as they depend directly on climate-sensitive natural resources for their livelihood endeavours. This could primarily occur through reduced agricultural productivity, a higher incidence of diseases, the displacement of people, loss of livelihood and food price increases, all of which could contribute to food insecurity,malnourishment and escalating poverty. Although developing countries have contributed the least to Green house Gas (GHG) emissions, they stand to lose the most and it is likely that many of the development gains that have been made thus far will be reversed.To ensure that poverty reduction and economic growth do not become elusive goals for developing countries, it will be necessary to provide funds for potential adaptation measures to prevent these countries slipping further down the Human Development Index (HDI) ranking. In this paper, we will use Africa as a reference and look at the funds required for adaptation, the possible sources of funds and the conflict that may occur in prioritizing development objectives.