Why in the news?

  • Alliance for the Implementation of National Adaptation Plans (NAPs) was launched at COP – 30 of UNFCCC.

Alliance for the Implementation of National Adaptation Plans (NAPs)

  • Objective: To accelerate global support and financing for countries to translate adaptation plans into concrete, bankable projects that address climate vulnerabilities.
  • Partners: Initiated by the COP30 Presidency, UNDP, governments like Italy and Germany, the NAP Global Network, the NDC Partnership, and supported by multilateral development banks, private sector, and civil society.
  • Functions
    • Facilitate coordination among actors supporting NAPs to enhance country-driven delivery.
    • Promote knowledge sharing, innovation, and transparency for sustained adaptation actions.
    • Mobilize both public and private finance, emphasizing investment readiness and project pipeline development.
    • Broaden participation by engaging new stakeholders, including the private sector.
  • Significance: Addresses critical global adaptation finance gaps by ensuring that countries’ adaptation strategies lead to tangible, financed outcomes, enhancing resilience in vulnerable communities.

 

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