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LDCs in Africa struggle with high-risk loans for climate adaptation. Debt swaps, green bonds, and sustainability-linked bonds could provide needed fun
As the frequency and impacts of climate events increase, demand for adaptation at the local level becomes urgent. The adaptation finance received from developing and least- developed countries is estimated to be less than USD 25 billion per year, which is exponentially less than the required amount of USD 215 billion per year. Further, the evidence indicates that less than 10% of global climate finance reaches the local level. Local communities l
