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  • 11 - Adaptation Finance for the Global South

  • from Part III - Equitable Climate Transition
  • Edited by Clare Woodcraft, University of Cambridge, Nitya Mohan Khemka, PATH
  • Foreword by Elizabeth Yee, The Rockefeller Foundation, Deepali Khanna, The Rockefeller Foundation
  • Book:
    Catalytic Capital
    Published online:
    27 November 2025
    Print publication:
    11 December 2025, pp 233-262
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  • Summary

    As climate disasters escalate, the Global South faces a staggering $387 billion annual shortfall in adaptation finance. Despite urgent needs, adaptation remains severely underfunded, sidelined by investors who favour mitigation projects with clearer returns. This chapter explores how philanthropic capital can be the missing piece, unlocking adaptation finance through risk-tolerant investments, blended finance, and ecosystem-wide collaboration.

    It examines India as a case study, showcasing how philanthropic organizations can de-risk adaptation projects, support climate resilience, and influence policy reforms. Drawing on global data and case studies, the chapter argues that philanthropy can catalyse systemic change by bridging financing gaps, scaling high-impact solutions, and fostering collaboration between governments, businesses, and civil society, ultimately driving an adaptation revolution.