Enabling conditions for formal adaptation finance for the poorest are needed to reduce reliance on high-risk, extra-legal sources of income . In general, the antidote to this emerging problem is access to living wages that the poor can rely on to finance adaptation. There are few examples of pro-poor mechanisms, programmes or institutions that prioritise coordinated, access to credit for proactively adapting livelihoods of the poor . Institutions can reduce incentives for vulnerable people to engage in high-risk activities by including them in the process of adaptation governance, which aims not only to support sustainable livelihood practices , but also to guarantee land tenure . Also critical for risk reduction to the poor is the ability of authorities across multiple spatial and temporal scales to maintain social protection to reduce the dependency of illegal sources of income and facilitate adaptation . A range of tools exists for opening access to credit to poor and marginalised people whose livelihoods are most vulnerable : climate insurance tools that are designed and targeted at the poorest and which have been properly assessed to ensure that
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report