To highlight the role the private sector, including businesses and investors, can play in climate change adaptation as well as mitigation, PFAN has launched a special Call for Proposals for projects that deliver adaptation-related and climate resilience benefits in low- and middle-income countries.
As clean energy technologies improve and their costs continue to fall, people are becoming increasingly aware of the fact that it is possible to develop commercially viable projects that contribute to climate change mitigation.
In contrast to this, much less emphasis has been placed on developing and sourcing investment for commercially viable projects and businesses that contribute to climate adaptation and resilience. PFAN will address this gap, by seeking businesses in various sectors—from agriculture, infrastructure and water all the way to micro-finance, insurance and tourism—which offer opportunities for commercially viable projects to deliver climate adaptation benefits, by reducing climate vulnerability or increasing the resilience of populations to the effects of climate change.
In the coming months, PFAN will be soliciting applications from businesses that deliver adaptation-related benefits to their communities and will be highlighting these benefits to investors and the wider public.
In order to provide a framework for its activities in the area of climate change adaptation and resilience, PFAN has developed a proprietary definition for the term:
“Adaptation projects are projects which help reduce the vulnerability of populations, infrastructures, ecosystems, human or natural systems to the current and future impacts of climate change and climate-related risks and which help increase or maintain adaptive capacity and resilience in the targeted regions and countries of project implementation.”
Simply put: PFAN is looking for commercially viable projects that can demonstrate that they contribute to a decrease in climate vulnerability and/or an increase in climate resilience.
The following sectors have been identified and targeted for PFAN intervention in the area of Climate Change Adaptation:
- Agriculture (upstream and downstream, including agribusiness and processing)
- Ecosystem Services
- Urban Development
- Energy & Access to Energy
- Adaptation products and services
PFAN strongly encourages women-led projects to apply for support.
The deadlines for submission of applications are linked to PFAN’s quarterly regional evaluation rounds. We encourage projects with adaptation benefits to apply by the following dates:
|Region||Deadline (Q4 2019)||Region||Deadline (Q4 2019)|
|Southern Africa||11 November 2019||Pacific Islands||3 December 2019|
|Eastern Europe & Central Asia||30 November 2019||Eastern Africa||25 November 2019|
|West Africa||2 December 2019||Caribbean & Central America||15 December 2019|
|South & Southeast Asia||3 December 2019|
Projects applying after these dates will be considered in subsequent evaluation rounds.
Projects from any eligible country in these regions may apply to this Call for Proposals (see the map below).
For further information and any queries, please contact firstname.lastname@example.org.
Examples of private sector-led projects previously or currently supported by PFAN that provide adaptation benefits: