ABM Report – From Pilot to Global Mechanism: Making Resilience Bankable

In six years (2019 – 2025), the Adaptation Benefits Mechanism (ABM) has evolved from an innovative concept into a fully operational non-market approach (NMA) under Article 6.8 of the Paris Agreement. Developed under the auspices of the African Development Bank (AfDB), in collaboration with both African and international stakeholders, ABM has demonstrated that adaptation outcomes can be reliably quantified, verified and monetized with efficiency and integrity. Through demonstration projects conducted in multiple countries, ABM will issue Certified Adaptation Benefits (CABs)—a global milestone that demonstrates that resilience results can be quantified, verified, and monetized. Two complementary financing modalities—ex-post and ex-ante— are defined, providing both public and private stakeholders with flexible entry points to contribute to the costs of adaptation.