Summary
This paper reviews barriers and opportunities for financing [climate change] resilience and adaptation by all actors across the financial system but chiefly targets financial system constituents, including policymakers and financial actors, and the actions of each. [...]This paper was developed as part of a collection of background papers on the topic of finance to contribute to the Global Commission on Adaptation's "Action Tracks" to be presented in September 2019. This paper focuses specifically on two key constituents important for transforming financing flows towards adaptation and resilience: i. Financial System Governance Bodies; and ii. Financial Actors. This paper presents six recommendations, supplemented by illustrative actions, which can facilitate and accelerate financing for adaptation and resilience. [...] Given the far-reaching increased risks that a warming planet presents, there is an urgency required to focus efforts among all parts of the financial system-both financial system policy makers and financial institutions-to undertake efforts that can help to truly "unlock" the necessary capital-both private and public-that can support investment in adaptation and resilience.