Financing Resilience

Financing Resilience

Somalia is one of the world’s most climate-vulnerable countries and remains poorly prepared to absorb increasingly frequent climate shocks. Recurrent droughts, severe flooding and coastal storms are placing growing pressure on communities, livelihoods and the national economy, despite Somalia contributing less than 0.09% of global greenhouse gas emissions. This policy paper examines Somalia’s climate vulnerability, the country’s emerging climate policy framework, and the significant gap between its adaptation financing needs and the climate finance currently available. Somalia’s adaptation priorities are estimated to require approximately USD 5.55 billion annually through 2030, while the country received only USD 321 million in international climate finance during 2019 and 2020 combined. The paper argues that closing this gap requires more than additional financing. It also requires stronger national and subnational institutions, improved climate data, greater direct access to international climate funds, and locally anchored research capacity that can provide reliable evidence on where climate risks are greatest. KIPD therefore calls for stronger subnational climate monitoring, simplified access to climate finance for fragile states, increased grant-based financing, and greater investment in Somali research and policy institutions capable of linking community-level realities with national and international climate decisions.
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