Scaling Social Protection for Climate Action

[justify]This side event will launch and present key messages from the new joint Guidance Note “Scaling Social Protection for Climate Action – Insights from and for Multilateral Climate Funds”. [/justify]
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[justify]This joint Guidance Note was developed under the Task Force Linking adaptive social protection and climate financing. Established in 2024 and initiated by the German Federal Ministry for Economic Cooperation and Development (BMZ), the Task Force[b] [/b]brings together multilateral climate funds, development banks, UN organizations, bilateral development partners, and the NDC Partnership to integrate social protection into climate commitments, strategies, and financing.[/justify]
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[justify]As climate impacts intensify, social protection is increasingly being recognised as a vital tool for mitigation, adaptation and responding to loss and damage. The Belém Declaration underlines this key role of social protection for human-centered climate action. In practice financing pathways for adaptive social protection remain limited. Multilateral climate funds have a crucial role to play in expanding social protection’s contribution to climate action. While momentum is growing across funds to integrate social protection, there is considerable scope to scale up ambition and impact: National actors play a key role in positioning social protection within climate policies, but often need stronger capacity and knowledge to access climate finance. Closer alignment and concrete entry points within multilateral climate funds can unlock co-benefits and advance inclusive climate action. [/justify]
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[justify]The Joint Guidance Note clarifies these entry points, drawing on examples from successful projects. It examines the current state and good practices in integrating social protection into the frameworks and operations of climate funds, and shows how social protection systems have to adapt to support climate action – and how multilateral climate funds may contribute.[/justify]