In the framework of the COP25, this side event will discuss the topics of climate change adaptation and disaster risk financing as a multi-level governance challenge. Organised by Regions4 Sustainable Development, in collaboration with the Basque Centre for Climate Change (BC3) and the Munich Climate Insurance Initiative (MCII), it will highlight good practices and experiences from different levels of government. It will further reveal common challenges and provide recommendations for policymakers that could guide the development and implementation of national, regional and local adaptation plans and strategies.