Mobilising private investment for adaptation to climate change
This Policy Brief explores the scale and nature of commercial opportunities from adaptation to climate change, whilst stressing that adaptation to climate change is also a public good. It samples some enterprises in the real economy in India that produce adaptation goods and non-financial services, such as flood forecasting and drought-resistant seeds. The aim is to understand the diversity, size, and potential of these markets and discuss various policies as well as the financial barriers and other hurdles that these enterprises face. The brief uses this analysis to recommend that the G20 urgently mobilise greater volumes of private investment in adaptation solutions. This includes designing new innovative financing instruments to de-risk investments, advancing how adaptation is defined in green taxonomies, and encouraging national policy reform to break down barriers to private investment in adaptation.