CTI PFAN at COP 21 in Paris
Side event at COP 21
Scaling-up private sector financing for adaptation projects
Thursday, December 3rd, 2015 from 15:00 ‐ 16:30
Observer Room 03 (Blue Zone), Paris‐Le Bourget
Most experts agree that the $100 billion required annual investment for adaptation cannot only come from public sources, but also from private investors. However, there are few compelling examples of how private funding can be raised to effectively help adaptation.
Several challenges stand out: longer time scales associated with climate change are ill suited to short-term business planning; poor communication between the scientific climate change community and the private sector; high costs of adaptation; and the uncertainty of financial benefits. There is also a lack of capacity amongst project developers, particularly in developing countries, on how to pitch adaptation initiatives, which has hindered investment. As a result, profitable investment opportunities for adaptation are yet to be developed.
This panel brings together the experience of several institutions that focus on scaling up private interest and investments in climate change adaptation. Much of the acquired experience comes from lessons learned in financing renewable energy projects in developing countries. The panel will present recent initiatives on scaling up adaptation investments and will outline future directions for researchers, financiers, and project developers.
Michael Rantil, Climate Technology Initiative (CTI)
Ulf Moslener, Frankfurt School of Finance and Management
Edward Cameron, Business for Social Responsibility
Martin Hiller, Renewable Energy and Energy Efficiency Partnership (REEEP)
Peter Storey, CTI-Private Finance Advisory Network (CTI-PFAN)
Moderator: Mark Redwood, Canada’s International Development Research Centre (IDRC)
Christine Grüning Nicole Lulham
Frankfurt School IDRC
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Related Document: Scaling-up private sector financing for adaptation projects