As of the latest available data, Somalia is one of the countries most vulnerable to climate change, facing severe challenges such as droughts, floods, and desertification.

However, specific figures for the exact amount of climate financing Somalia needs are not universally agreed upon and can vary depending on the source and the scope of the assessment.

Climate Vulnerability

Somalia’s economy is heavily reliant on agriculture and livestock, which are highly susceptible to climate variability. The country has experienced recurrent droughts and floods, exacerbating food insecurity and displacement.

National Adaptation Plan (NAP)

Somalia’s NAP, developed with support from the United Nations, outlines the country’s climate adaptation needs. While the plan identifies priority areas, it does not always specify a total financial requirement.

Estimates from International Organizations

– The World Bank and other international institutions have estimated that Somalia needs significant investments in climate resilience, ranging from hundreds of millions to billions of dollars over the coming decades.

– For example, the Green Climate Fund (GCF) has approved projects in Somalia worth tens of millions of dollars, but this is only a fraction of what is needed.

Broader Context

According to the United Nations Framework Convention on Climate Change (UNFCCC), developing countries collectively need hundreds of billions of dollars annually to address climate change. Somalia’s share of this global need is substantial relative to its GDP and vulnerability.

Challenges in Funding

Somalia faces challenges in accessing climate finance due to limited institutional capacity, political instability, and competing development priorities. International support is critical to bridge this gap.

Current Climate Finance Commitments

– Somalia has received some climate financing through multilateral funds like the GCF, the Global Environment Facility (GEF), and bilateral donors. However, these amounts are insufficient to meet the country’s full needs.

Conclusion

While there is no single, definitive figure, Somalia likely requires billions of dollars over the next decade to build climate resilience, adapt to changing conditions, and transition to sustainable practices. This financing is essential to address immediate risks and long-term challenges posed by climate change.

For the most accurate and up-to-date figures, consult reports from the Somali government, the UNFCCC, or international organizations like the World Bank and the GCF.