Source: USAID / Flickr
TL;DR
President Trump and Elon Musk’s gutting of USAID has halted millions in adaptation finance, threatening key grants, loans, and investments aimed at climate resilience.
USAID was the top blended finance investor for adaptation from 2021-2023 by deal count, according to Convergence, and its retreat from the world stage has thrown hundreds of adaptation startups, consultancies, and NGOs into uncertainty.
Major USAID partners on adaptation like Tetra Tech, Abt, and Chemonics face disruptions, with contracts worth millions likely to cease and hundreds of US and overseas jobs lost.
Innovative adaptation finance projects including Climate Bonds Initiative’s Resilience Taxonomy, and The Lightsmith Group’s SCALE initiative are also losing out.
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