Climate finance Recommendations

At present, climate financing for ocean adaptation is inadequate and does not reflect the level of severity or harm that climate change is posing to ocean resources and human communities.

Less than 2% of international climate adaptation funding is flowing towards ocean and coastal adaptation projects. Only 1.6% of official development assistance supports the ocean economy. SDG 14 is the least funded of the UN Sustainable Development Goals. Internationally, approximately 70% of the knowledge generated about ocean acidification comes from research conducted in North American and European countries.

Incorporating ocean priorities across climate adaptation financing mechanisms will inform a broad range coastal adaptation strategies