NRDC and Atlantic Council Announce New Effort at COP30 to Accelerate Financing Resilience for Vulnerable Communities Worldwide
BELÉM, BRAZIL — The Atlantic Council and NRDC (Natural Resources Defense Council) announced a new collaboration at COP30 called the Fostering Investable National Planning and Implementation (FINI) for Adaptation and Resilience.
The effort is designed to scale up investments in adaptation and resilience projects worldwide, using existing financial tools, risk analytics, and technical expertise. FINI was formally adopted into the newly launched National Adaptation Plans (NAP) Implementation Alliance, a creation under the COP30 Action Agenda, designed to be a coordinated effort that brings together governments, development banks, multilateral institutions, private investors, philanthropies, and the research community to work together more effectively to align support, channel both public and private finance, and accelerate real, on-the-ground implementation of national adaptation plans.
The FINI collaborative connects more than 100 organizations from governments, development banks, investors, insurers, philanthropies, and civil society and aims to strengthen collaboration between the public and the private financial sectors. Countries often fall short of making their NAPs and any other relevant resilience plans investable and effective at channeling funds. FINI is designed to help address that by strengthening governments’ investment strategies, mobilizing finance, and delivering resilience for vulnerable communities.
“The endorsement of the COP30 presidency is a critical recognition of this collaborative and new way forward for climate finance,” said Jorge Gastelumendi, senior director of the Atlantic Council’s Climate Resilience Center. “FINI allows us to collaborate across sectors and geographies. We need to ensure that we're all around a shared table—because we're sharing the same future."
“FINI helps shift the private sector from a risk mindset to one centered on value cocreation. We have heard loud and clear that the private sector is ready to engage more actively and move beyond pilots to real scale to protect livelihoods,” said Yamide Dagnet, senior vice president, International, NRDC. “FINI’s inclusion within this new alliance is an exciting step forward for ensuring climate resilience efforts for vulnerable communities get the attention and support they deserve.”
As COP30 negotiations come to a close, efforts like FINI, now supported through the COP30 Action Agenda, can build deeper partnerships between governments, development partners, and the private sector, accelerating progress on our climate goals and mobilizing the adaptation finance the world needs.
Climate impacts are accelerating worldwide, placing developing countries on the frontlines of an escalating crisis. For these nations, adaptation and strengthening their resilience is an urgent race to protect lives, livelihoods, and the foundations of sustainable growth.
NRDC (Natural Resources Defense Council) is an international nonprofit environmental organization with more than 3 million members and online activists. Established in 1970, NRDC uses science, policy, law and people power to confront the climate crisis, protect public health and safeguard nature. NRDC has offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Beijing and Delhi (an office of NRDC India Pvt. Ltd).