Investment in projects that help countries adapt to climate change attracted around USD 20-24 billion in 2012, according to CPI’s recently published Global Landscape of Climate Finance 2013. However, due to data gaps and limited understanding of private sector adaptation efforts, the Landscape 2013 only tracks public adaptation finance.
While difficult to track, private sector investments in adaptation are critical to scale up climate finance efforts to the levels required by projected needs. Private actors, however, are not fully aware about climate-related risks and opportunities, even if climate change can directly affect their assets and revenues. Knowledge, technical, financial, and risk barriers can hinder their engagement.
The public sector can play a role in helping to overcome these obstacles. To better understand how public resources can be deployed to engage private actors in building countries’ climate resilience, a forthcoming San Giorgio Group case study explores approaches taken on-the-ground by the Pilot Program for Climate Resilience (PPCR) in the Nepalese agricultural sector.