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Andreas Biermann

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 Sustainable Finance

Andreas Biermann is Director of Sustainable Finance and Business Development at Globalfields. He is a senior energy and climate policy expert, with over 25 years’ experience gained at various levels in the academic, national, and multilateral contexts. Previously, he served as Senior Adviser to the Managing Director for the Sustainable Infrastructure Business Group, as Deputy Director Mitigation at Green Climate Fund, and as Head of Climate Finance at EBRD.

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Andreas Biermann

Finding money for adaptation action – why is this such a challenge?

Awareness of our need to adapt to the climate crisis has certainly risen. After a summer marked by extreme weather events, such as fires in southern Europe or floods and landslides in Pakistan, we have become more aware of the need to adapt to the effects of climate change. Climate adaptation actions in response to this challenge consist of adjustments in ecological, social, and/or economic systems in response to actual or expected climatic changes. While rather broad, this is not a bad definition. It is however important to consider that the key issue for adaptation is that, unlike most mitigation actions, adaptation actions require the development of highly localized strategies for effectiveness, which will differ significantly across contexts and locations.

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