Enabling Private Investment in Climate Change Adaptation and Resilience: Current State, Investment Barriers and Action Plan – World
This report identifies ways to overcome key barriers to private sector investment in adaptation and resilience, by presenting a coordinated, evidence-based plan of action to help governments and their development partners address the gap. adaptation financing gap. Although financing flows for climate adaptation have increased by 35% in recent years, they are still below what is needed to avoid the severe economic and human impacts of climate change. The urgent need to increase investment in climate adaptation and resilience cannot be overstated. Much remains to be learned on how to unlock and enable private capital to help finance national and local adaptation priorities, and how to prepare the business case for adaptation. The report provides an overview of current levels of private finance for climate adaptation and how they fit into global efforts to finance building climate resilience globally. It documents the main obstacles that have hampered private investment in adaptation to date. The report proposes a plan of action – a concrete and incremental approach for governments to overcome obstacles to private investment in adaptation and resilience – so that private capital can actively contribute to financing national and local priorities. The plan provides for five entry points to enable private investment. The action plan we propose in the report represents a new, coordinated framework for action for governments to develop, finance and implement priority investments in adaptation and resilience – guided by country goals. and national investment plans that can help accelerate and scale up investments to address the climate resilience needs of the world’s most climate-vulnerable communities and economies.