
Building a Case for Climate Adaptation Investment with the Adaptation Fund
The Challenge
According to the UN Environment Program, climate adaptation is significantly underfunded when compared with climate mitigation, particularly in developing countries. The Adaptation Fund, established in 2001 under the United Nations Framework Convention on Climate Change (UNFCCC) to finance adaptation in developing countries that are particularly vulnerable to climate change, faces several challenges including uncertainty around the timing and scale of revenues from new sources, limited private sector contributions, and the lack of a formal multi-year funding process.
Our Role
Ross Strategic developed a compelling Case for Investment (CFI), as a strategic document that will articulate the strategic, economic, and moral imperative for investing in the Adaptation Fund (AF), along with supporting communications materials. We provided strategic engagement, analysis, and synthesis to map out the compelling narrative elements and supporting evidence needed for the AF CFI, developed the document, and created supporting messaging materials.
The Impact
The CFI developed by Ross Strategic was formally adopted by the Adaptation Fund’s Board in October 2025 as part of AF’s Resource Mobilization Strategy. It will be several years before the long-term impact of the CFI on adaptation funding can be assessed.