Mobilising Private Finance for Adaptation: The Case for a Fair Transition

Launching the report Leveraging Private Sector Investments in Adaptation: The Evolving Role of Climate Finance in Enabling a Paradigm Shift during London Climate Action Week.

Click here to watch the video of the event

Click here to view the Executive Summary

Click here to view the report

Click here to view the infographic on Leveraging Private Sector Investments in Adaptation

A message from Karel van Oosterom, Ambassador of the Kingdom of the Netherlands to the United Kingdom of Great Britain and Northern Ireland

“As part of London Climate Action Week 2021 (LCAW) in the run-up to COP26, we are proud to partner with CMIA to host an event on the mobilisation of private finance for climate adaptation: making the business case in vulnerable communities. It was wonderful to see so many participants joining us from all over the world, a clear indication of the importance and global nature of this topic.

In January of this year, the Netherlands hosted the Climate Adaptation Summit . Clear takeaways were not only that we need to intensify climate adaptation action, but that we also need to significantly step up our commitments of both public and private finance when it comes to adaptation. We know that private sector investment is critical to closing the adaptation finance gap. At the same time, there is still much to learn. What are the barriers to private investment in adaptation? How can we unlock and mobilise private capital to help finance national and local adaptation priorities? Where have solutions been found, and what can we learn from them and bring to scale?

With great speakers and expertise, our aim with this year’s LCAW-event is to raise awareness of the need for increased investment in adaptation. Next to that, we need to learn from frontrunners and create connections through which discussions, innovative partnerships, and action to address the climate crisis can thrive.

We are pleased to have been able to provide Dr Monica A. Altamirano, PhD., Public-Private Partnership Specialist and Systems Thinker, with a platform from which to launch her report: Leveraging Private Sector Investment in Adaptation: the Evolving Role of Climate Finance in Financing a Paradigm Shift. We would like to thank Monica for her research and report, and the timeliness of its presentation.

Mobilising private finance for climate adaptation is crucial. I hope that the report, and the event, will now serve as a springboard for continued discussion and further action, both locally and globally.”

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During this event, experts focused on defining the principles for the effective use of climate finance in driving a paradigm shift and creating an enabling environment for active private sector participation in adaptation.

• To understand what barriers the private sector and vulnerable communities face to finance adaptation action
• To learn from innovative solutions on the ground on how to overcome these barriers and build the business case for adaptation

Speakers: Kitty van der Heijden, Director General for International Cooperation NL Ministry of Foreign Affairs – Rachel Turner, Director of Economic Development at the UK Foreign, Commonwealth and Development Office – Mafalda Duarte, CEO of the Climate Investment Fund – Yannick Glemarec, Executive Director, Green Climate Fund – Mónica A. Altamirano, Public-Private Partnership Specialist and Systems Thinker

Panel discussion with: Daouda Ndiaye, Lead Climate Change Specialist, Islamic Development Bank – Selim Hussain, CEO BRAC Bank Bangladesh – Henry Sunkwa-Mills, Managing Director, InvestCorp Ghana

Moderator:

Margaret-Ann Splawn, Executive Director, Climate Markets & Investment Association