The Adaptation Benefit Mechanism (ABM) is an innovative mechanism for mobilising new and additional public and private sector finance for enhanced climate change adaptation action. It has the potential to speed up transformation to low-carbon, resilient and sustainable development of the host countries by giving value to resilience.

ABM will contribute directly to the establishment of a new business model for adaptation and the achievement of:

• The Sustainable Development Goals
• The Adaptation and Climate Finance goals of the Paris Agreement
• The UNFCCC long-term finance goal.

Adaptation and resilience goals and the needs of developing countries are expressed in, amongst others, Nationally Determined Contributions, National Adaptation Plans, Technology Action Plans and long-term strategies for low-emissions, resilient and sustainable development.

Madagascar is extremely vulnerable to climate extremes. The ABM will be used to mobilise funding to address damage to water sources caused by recent extreme events, such as Tropical Cyclone Emnati in February 2022.

This project will deliver a baseline and monitoring methodology in the public domain for quantified and verified adaptation benefits of climate change adaptation activities around access to climate secure and safe drinking water. The methodology will be applied in a funding proposal for a project in this area in Madagascar, where the issue has been prioritized due to damage to water sources from recent extreme events, including floods, droughts and extreme weather events.

• The added value is the GCA expertise in the water sector, adaptation metrics and indicators, as well as knowledge about resource mobilisation for adaptation and extensive network.

• Quality assurance and advisory services for results and evidence-based planning, management and M&E of the activities.

at least USD 1 million mobilized. It is expected  would be replicable in the country and other regions, specifically in Africa.

• Skills developed and platform created to mobilize to resources for adaptation benefits. 
• increased adaptation investments.