According to recent data, costs from major flood events will likely be counted in the billions of dollars with potential serious impacts on national GDP (World Bank, 2010), as well as on the lives of poorer and marginalized communities, in particular. The international community, multilateral development banks and United Nations funds and programmes are working to support delivery of and direct access to existing and pledged international climate finance. However, international flows alone will not be sufficient to meet the growing demand for climate mitigation and adaptation finance. In the absence of an internationally acknowledged definition of climate finance, in this paper, the United Nations Framework Convention on Climate Change (UNFCCC) definition is used, which is “local, national or transnational financing, which may be drawn from public, private and alternative sources of financing” (UNFCCC, 2014a) and which target low-carbon and climate-resilient development.