Accelerating private finance action on adaptation and resilience: How banks, insurers, and investors are mobilizing in the face of a nascent adaptation and resilience market

This paper examines the private financial sector’s progress on climate adaptation and resilience. It assesses how the private sector can scale existing solutions within the public sector and within the ongoing evolution of international financial architecture reform.

The report concludes that the financial system has the potential to drive transformational change towards climate-resilient countries, communities, businesses, and natural ecosystems. A growing number of insurers, banks, and investors worldwide increasingly recognize the risks of inaction and the emerging opportunities related to adaptation and resilience. Private financial institutions today are investing in adaptation and resilience and implementing the necessary financial instruments, frameworks, and metrics. Yet action is incremental and requires the development of further enabling conditions for the nascent adaptation and resilience market.