Opportunities and options for adaptation finance, including in relation to the private sector: Technical Paper
Finance is one of the key ingredients in the effort to adapt to climate change impacts and build a climate-resilient world. The 2019 TEP-A interrogated some of the central questions related to adaptation finance, including: What does the adaptation finance landscape currently look like? How can adaptation planning help maximize available finance? What is the role of the private sector and how can policymakers help private sector actors fulfill that role? And how can governments, donors, and practitioners better understand and assess the results of their adaptation finance?
This paper presents a range of insights on these questions based on the discussions held as part of the 2019 TEP-A. This paper does not seek to provide a comprehensive overview of the state of global adaptation finance. Rather, it aims to distil some of the key features of the adaptation finance landscape, the role that various actors play within this landscape, the enduring challenges that interfere with efforts to finance adaptation action and some of the opportunities available to overcome these obstacles and deploy more finance in the service of resilience-building and adaptation across the world.