India, March 14 -- The current gap in global adaptation finance for developing countries is estimated at $194-366 billion per year. This brief highlights the critical role of domestic public funding in driving adaptation initiatives. While international climate finance mechanisms exist, their effectiveness is limited by slow disbursement processes and regional disparities in fund distribution. Public finance management systems can act as catalysts for mobilising private finance for climate action. In the context of fiscal constraints and elevated debt levels after the Covid-19 pandemic, the brief explores alternative financing solutions, including parametric insurance and regulatory reforms. The integration of climate-responsive budgeting...