This report covers global status and trends of adaptation finance and provides a deeper analysis of Africa at a regional level, given the heightened adaptation needs and opportunities on the continent. Across the globe, and especially in Africa, climate smart and resilient development pathways offer enormous investment opportunities with a triple dividend of avoided losses, positive economic gains, and enhanced social and environmental benefits.

State and Trends in Adaptation 2023 delivers the most up-to-date analysis of the adaptation funding gap and tracking of adaptation finance flows globally and in Africa while underscoring the importance of a supportive environment.

The Impact Report highlights the achievements of the inaugural African Youth Adaptation Solutions (YouthADAPT) Challenge cohort, demonstrating how investing in youth-led enterprises catalyzes the growth of micro and small to medium-sized enterprises, creates thousands of jobs and contributes to a more resilient future.