The role of strategic planning in innovative financing for adaptation regarding climate change

This paper aims to explore key aspects of strategic planing for investment activities to ensure that municipalities can adequately adapt to climate change. The main research question investigates the extent to which strategic planning is focused on climate change adaptation measures. The hypothesis is: Municipalities have planned and developed mechanisms for financing activities aimed at climate change adaptation. To validate this hypothesis, we used a methodology that included desk research and a case study of four local government units in Bosnia and Herzegovina—two from each entity. This paper provides empirical evidence on the direction that local government units, municipalities should take in adapting to climate change through strategic planning. The limitations of the research stem from the complexity of the constitutional structure of Bosnia and Herzegovina and the differing legislation applied in the two entities in the area relevant to this study.