Frankfurt School and the Thailand Development Research Institute (TDRI) jointly developed the Adaptation Finance Fellowship Programme (AFFP) linking research, policy and business, funded by the International Development Research Centre (IDRC).
Achieving a binding and universal agreement on a targeted limitation of temperature increase to below two degrees during the COP 21 in Paris marks the beginning of a new era. It also placed an increased focus on financing climate adaptation activities with an established adaptation goal including enhancing adaptive capacity, strengthening resilience and reducing climate vulnerability.
Research on climate change over the past years have been successful in generating knowledge about the magnitude of additional investment and financial flows needed for adaptation. Many developing countries are formulating policies and systems to scale up adaptation initiatives. However, the capacity for designing and implementing tailored interventions to mobilize finance for adaptation is limited, and developing countries are not adequately exposed to the range of new and innovative approaches to climate financing.
The main objective of this programme is to identify and train emerging leaders from research, policy, and the private sector who aspire to be equipped with state-of-the-art knowledge on adaptation finance and become climate ambassadors in their respective home countries and beyond.
To implement these goals, within the next four years (2016-2020) the project will bring together a total of 36 promising individuals already with first experience in the climate change field and the potential to be leaders in their domains. The Fellows will be split into two cohorts, each with a duration of 18 month. During this time they will receive extensive training, network opportunities with their peers, and get involved into an adaptation finance research project.
Firstly, it will illustrate to policy makers how public finance and risk mitigation instruments can remove the barriers to private sector investment.
Secondly, it will enhance business fellows’ understanding of specific types of climate change investment opportunities and risk profiles associated with these interventions.
Finally, it will support emerging academics to undertake research on adaptation finance such as how public policies can help remove the barriers to private sector investment in adaptation and what metrics and methodologies can be used across a wide range of adaptation projects.
Frankfurt School and TDRI jointly implement the IDRC funded Adaptation Finance Fellowship Programme (AFFP) – Linking Research, Policy and Business.
The programme supports and promotes exceptional individuals from developing and emerging countries who are active in climate adaptation finance, either in the public or private sector or in academia. This interdisciplinary exchange contributes to building leadership in adaptation finance across sectors for enhanced knowledge and sharing good practices in adaptation finance.
The programme was open to highly motivated applicants from developing and emerging countries who wish to pursue an academic or professional career in climate adaptation and finance, or who are already working in this field.
The policy track is targeted to young and mid-career professionals, primarily within the public sector, who have a background and work experience in a field relevant to climate change.
The business track is designed for professionals with a background and work experience in the private sector, including microfinance, banking and insurance, project development, risk analysis, and corporate social responsibility.
The research track is targeted to early career researchers (e.g. graduate students or post-graduates) at universities, ministries, research centres or action research NGOs who are working in the field of climate change adaptation.
The Fellowship application and selection process is open, competitive, and transparent. Winners are chosen based on individual merit, including academic performance and preparation, intellectual capabilities, English proficiency, and the potential for contribution to the AFFP.
From 2016 to 2020, the programme has awarded 36 outstanding professionals from policy and private sector as well as researcher with a fellowship. Lern more about our fellows and their activities from each cohort by clicking on the title in the section below:
The fellowship programme is funded by IDRC and implemented by Frankfurt School and TDRI:
The Adaptation Finance Fellowship Programme (AFFP) 2016-2020 - Summary
The AFFP promoted exceptional individuals from the scientific community, policy and private sector who are active in a climate adaptation finance related field. This video introduces to the programme and provides insights to the different components, outcomes and experience from fellows as well as the organizers.
We asked the Fellows of the 1st Cohort of the Adaptation Finance Fellowship Programme (AFFP) 2017/2018 concerning their experience in the 18-month programme. Please have a look at what they have to say.
We asked the Fellows of the 2nd Cohort of the Adaptation Finance Fellowship Programme (AFFP) 2018/2020 concerning their expectations for the programme.
Dr. Nipon Poapongsakorn, Distinguished Fellow at Thailand Development Research Institute (TDRI) and Research Director for the Adaptation Finance Fellowship Programme (AFFP) introduces to the topic of climate adaptation finance and presents the different research areas in the framework of the AFFP programme.
Climate Change Adaptation Cost in the Stock Market by Md. Mahmudul Alam (Malaysia)
To understand the climate change adaptation cost for stock market performance of public listed agro and plantation companies in Malaysia, this study empirically investigate four specific objectives – (i) examine the impact of climate change on stock market price volatility (market risk), (ii) find out the equity market risk premium (market return) for climate change events, (iii) examine the impact of climate change on the cost of equity (dividend), and (iv) find out the reflection of climate change on the stock market investor’s behavior.
Analysis of the People’s Survival Fund: Insights on Climate Finance Delivery in the Philippines by Mr. Rhomir S. Yanquiling (Philippines)
The People’s Survival Fund (PSF) is considered as the Philippine government’s flagship climate adaptation finance program. This study examines the main problems that affect the implementation of the People’s Survival Fund in three-level perspectives: policy, institutions, and operations. It also determines the main reasons for the success and failures of adaptation projects at the subnational level.
International Adaptation Finance to Address Planned Priorities in Least Developed Countries by Ana Karla Perea Blazquez (Mexico)
International climate finance plays an important role in enhancing adaptation action and has been a key policy response in the international climate change regime. The study aims to provide information on LDCs’ progress in accessing international finance through the funds under the UNFCCC’s financial mechanism to address planned adaptation priorities.
Extending Coverage to the Most Vulnerable by Integrating Risk Pooling Schemes and Microinsurance Products by Kamleshan Pillay (South-Africa)
Climate change is expected to make floods across the Western Cape province, South Africa, more frequent and intense (Zuma, 2012). There is a growing demand for insurance products as municipalities have less financial capacity to manage costs from their public budgets. The primary aim of this research was to outline how microinsurance could be used within risk pool structures to extend coverage to the most vulnerable individuals affected by flooding events in the Western Cape, South Africa.
(Re)designing Climate Risk Management Schemes for Thailand’s Rice Production by Dr. Nonarit Bisonyabut (Thailand)
Thailand’s rice crops have been highly vulnerable from the effects of climate change including floods, droughts, and severe storms. This paper considers a new weather index-based insurance scheme (WIIS), a scheme that relies on satellite data to assess the actual damage area to make a compensation claim.
Designing commercial forestry schemes for subsistence farmers’ climate resilience using adaptation finance by Mr. Ajaz Ahmed (Pakistan)
Using discrete choice experiment (DCE) and a primary survey of 450 farmers, this study investigated the rural farmers’ willingness to adopt donor-funded commercial forestry schemes (CFS) to align their farming to climate change in the hilly areas of the Northern Pakistan.
Understanding Demand and Potential Impacts of Agricultural Insurance through Dynamic Game Experiment by Mr.Rittinon Chonnakan (Thailand)
The goal of this research is to understand patterns and dynamics of demand for agricultural insurance as well as the potential welfare impacts of adopting insurance on rice farmers. We use dynamic game experiment designed to simulate key decision making of Thai rice farmers and to test effectiveness of various interventions designed to enhance demand.
Feasibility Study on the Mobile Application and Space Technology to Crop Insurance System in Thailand by Preesan Rakwatin (Thailand)
This project, feasibility study on the mobile application and space technology to crop insurance system in Thailand, is necessary to the sustainable development of Thai agriculture and economies. It integrates the agricultural data by linking the insurance data to the plantation site database and other essential information (i.e., remote sensing, weather, soil, water, and natural hazard). Furthermore, it incorporates the high technology and digital innovation together with the Internet of Things (IoT), the telecommunication network, and the mobile application.
The main objective of the research capacity building component of AFFP is to provide technical and financial support for new generation of researchers from least developed and developing countries to do pioneer and innovative research in the area of climate adaptation finance. The research reports can be classified into three broad groups:
In this section, you can download the research reports as well as the policy briefs/abstracts of the research conducted in the framework of the AFFP.