Episode 4: How can we foster private sector engagement in Climate Adaptation in Least Developed Countries?

The increase in global temperature brought with it extreme weather events and shifts in seasons across the globe. In developing countries, there is a demand for 10-18 times more Climate Adaptation and Resilience (A&R) finance compared to current international public adaptation finance flows.This episode discovers how the private sector can play a pivotal role within the A&R sector both as a solution and a finance provider. Your host, Marleen (EMP Batch 29), along with two guests, Rashmi Rawahar (UNIDO) and Helene Robert (E Co. and EMP Batch 21), will provide answers to the following guiding questions:What is climate adaptation and resilience? What are concrete examples of solutions provided by the private sector? What are the challenges and barriers to secure funding for private sector projects? Sources used in the episode:Climate Policy Initiative (2023) - Global Landscape of Climate Finance 2023Financial Times (2024) - Critical 1.5C threshold breached over 12-month period for first timeUNEP (2023) - Adaptation Gap Report 2023World Resources Institute (2023) - What It Takes to Attract Private Investment to Climate AdaptationFurther readings: Catalyst Fund (2023) - Investing in Climate Techn Innovation in Africa Gari (2024) - Investing in Climate Resilience: Unlocking a Growing Market of Adaptation SolutionsGSMA (2023) - Emerging Trends in Climate-tech Innovations: GSMA Innovation Fund for Adaptation & ResilienceIDB (2020) - Private Markets for Climate Resilience: Global ReportWorld Bank and GFDRR (2021) - Enabling private investment in climate adaptation and resilience