Excellencies, Distinguished Colleagues, Ladies and Gentlemen, 

Let me start by commending the UN Secretary-General’s leadership and continued commitment to mobilize the multilateral system and its partners to advance the adaptation agenda at this critical time. 

I also wish to thank the incoming Brazilian COP Presidency for its tireless efforts to build momentum towards a meaningful implementation-focused COP 30, under the overarching theme of "Global Mutirão" (or “collective effort”) to translate climate commitments into urgent, real-world action. 

UNDP is pleased to co-convene this dialogue at the invitation of the Executive Office of the UN Secretary-General, with the Governments of Brazil, South Africa and Italy, and the UN Climate Action Team. 

In this dialogue, we committed to addressing the critical issue of adaptation, and accelerate the essential ingredients to scale up finance, protect lives and livelihoods, and strengthen the foundations of future, resilient development. Two themes were covered during the session. First, accelerating country-owned frameworks to improve investment readiness. Second, to strengthen innovative financial instruments, alongside public finance, to address the adaptation financing gap.   

As UNDP, many of the insights shared today resonate with what we are seeing through our work under the Climate Promise, supporting countries to implement Nationally Determined Contributions and National Adaptation Plans, including our support to the G7 through its Adaptation Accelerator Hub to advance investment readiness for adaptation. In this line, during FFD4, an initiative on Country-driven approaches to financing sustainable development and climate action was launched jointly with South Africa, Egypt, UNDP, UNDESA, OECD, UNICEF, IDFC/Finance in Common, Asian Infrastructure Investment Bank among other endorsing countries. 

Through all of this work, we are seeing the value of connecting support for strengthening national-level policies, laws and institutions with continuing commitment to locally-led adaptation in communities worldwide, which aligns with many of the reflections we heard today from the distinguished speakers. 

Looking forward, I would like to summarize our discussion here into four proposed calls for action: 

1. Deliver a coordinated approach for adaptation readiness across the climate finance architecture, through:

• a shared commitment to systematically invest in enabling conditions for country-led adaptation planning and investment readiness, and
• a shift from fragmented support to integrated frameworks- strengthening institutions, regulatory frameworks, and national coordination mechanisms to translate adaptation plans into investment strategies and pipelines

2. Facilitate a process for identifying tangible options for innovative financial instruments to broaden opportunities for adaptation finance, aligning with ongoing work on financing for adaptation, development and nature-based solutions, including the recommendations on adaptation of this year’s G20 Sustainable Finance Working Group, the reform of international financial architecture, among others.
3. Fulfill existing public finance commitments. International predictable and accessible grant-based climate finance remains critical for catalysing private investment, innovative instruments, and unconventional financing approaches to scale adaptation in developing countries. 

And finally, 

4. Support and build momentum towards a joint Adaptation Package at COP30 and beyond, under the leadership of the Brazilian Presidency, and anchored in ongoing initiatives. 

As we explore opportunities to close the ever-growing financing gap for resilient development, we must simplify access to finance, and we must ensure its predictability. 

It is my sincere hope that all of us and the institutions we represent, as well as all who are participating in the various thematic dialogues, culminating in the leaders’ summit on Wednesday, will heed these calls and take actions and commitments forward into COP 30 and beyond. 

Thank you.