Located at the border with Germany, the region suffers from the occurrence of heat waves, droughts, torrential rain, floods and hailstorms that continue to increase and become more intense. These climatic risks can have repercussions on the territory's natural environments, on the drinking water supply and the economic use of water resources, whether for irrigation, industrial use or transport on the Rhine axis. Most adaptation actions in the region are still being carried out by local authorities where lack of human resources and financial means challenge capacities for action. To cope with these challenges, the Eurometropolis released an adaptation strategy in 2019 part of its SECAP around 4 pillars. The financing of the SECAP has been identified as an important challenge to reach these objectives. So far, the financing of the adaptation strategy remains mainly dependent on public funds through public contracts among institutions. However, the coordination and involvement of the different institutions is still uneasy, and funds are missing. Nonetheless, the adaptation strategy needs also to mobilize new source of funding such as EU funds, crowdfunding, third-party investments, funds from private foundations, sustainable finance, commercial banking. The mobilization of these funds faces different barriers such as the lack of human resources with skills and capacities in finance and adaptation topics to design adaptation projects and present them to financial partners. At the same time, financial actors need to better understand the risks of climate change and the impact of regulations to change their products and models.
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