Engaging the Private Sector for Adaptation

Sectors and Themes
Agriculture
Scale
National
Sub-national
Expertise Level
Practitioner
Resource Type
Technical Support
Language
English
Membership Requirement
No
Support Type
Training (Webinar, in-person)
Developer or Source
Food and Agriculture Organization of the United Nations (FAO)
United Nations Development Programme (UNDP)

Developing countries need an estimated USD 340 billion by 2030 to adapt to the impacts of climate change (UNEP). However, only a small share of global climate finance is dedicated to adaptation (USD 46 billion out of USD 632 billion) and it is largely funded by public sources (CPI). Data on private finance for adaptation is largely missing; CPI estimates less than 2 percent of the total adaptation finance can be tracked to private sources. At the same time, WEF estimates the adaptation market could be worth USD 2 trillion annually by 2026.

Considering the needs, as well as the significant opportunities for the private sector, this webinar aimed to showcase relevant initiatives and experiences in engaging private sector for adaptation in developing countries and emerging best practices and lessons learned. The webinar was part of the global exchanges organized by UNDP as part of its support to the UN Secretary General led Adaptation Pipeline Accelerator (APA) initiative.

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