VCMI and GGGI launch initiative to fund adaptation in climate-vulnerable countries

The Voluntary Carbon Markets Integrity Initiative (VCMI) and the Global Green Growth Institute (GGGI) have launched a new research initiative to explore how carbon markets can finance climate adaptation in vulnerable countries. The programme aims to identify ways for these nations to use carbon credit markets to fund adaptation plans, addressing an estimated annual finance gap of USD 310–365 billion by 2035. Findings will inform GGGI's Carbon Transaction Facility Readiness programme and VCMI's Access Strategies Program, focusing on policy options and readiness gaps for host countries. The initiative seeks to unlock new capital streams, potentially generating up to USD 50 billion if carbon credits account for a fifth of nature-based resilience solutions.