Lack of funds for climate adaptation - Transport tops the list, only tourism has no gaps
Our country faces a huge financial gap to cope with the effects of climate change. According to the draft National Plan for Adaptation to Climate Change 2026–2036, the country has secured only 7% of the necessary funds for adaptation measures, while the gap reaches 93%, making this one of the biggest financial challenges of the next decade. In total, Albania needs almost 9.8 billion USD to implement adaptation measures by 2036, while the funds secured so far amount to about 699 million USD.
The document highlights that the transport and urban development sectors face the greatest funding shortfall, with a gap of almost 100%. With the exception of tourism, which has no funding shortfall, funding gaps are high in all other sectors, with forestry and cross-sectoral sectors reporting funding gaps of over 90%. For agriculture, the funding shortfall is 78%, while for energy it is 85%.
The draft plan lists a number of factors that exacerbate this funding gap. These include high initial project costs, a lack of risk reduction instruments, and donor fragmentation, which often leads to overlapping interventions and a lack of coordination. Another problem is the lack of a unified system for tracking climate funds, which makes it difficult to monitor and harmonize spending.
Meanwhile, at the sectoral level, the challenges are numerous: agriculture faces direct impacts from drought and rising temperatures, transport remains exposed to damage from floods and erosion, rapid urbanization increases pressure on water, the environment and infrastructure, while tourism is vulnerable to climate risks, including coastal erosion.
The draft plan also points out the low participation of the private sector, which currently contributes only about 5% of the funds.
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