Private Markets for Climate Resilience
Companies and investors are beginning to see climate change adaptation as an opportunity rather than simply a cost as climate impacts are generating a need for new products and services that present solutions for resilience.
Private Markets for Climate Resilience is an assessment of risks and opportunities for companies and investors. This project is the first major investment by Climate Finance Institutions—the Multilateral Investment Fund and Nordic Development Fund--to systematically evaluate the potential market for climate resilience solutions in the private sector. Focusing on transport and agriculture, this initiative seeks to examine current best practices and investigate the opportunities in this emerging sector by identifying the leaders that will shape the emerging market, highlighting products, services, tools and innovative processes, creating an information platform with emerging opportunities for investment, and identifying companies that are candidates for investment.
Led by Tom Downing of the Global Climate Adaptation Partnership, and Carmen Lacambra of Grupo Laera, the assessment builds on six country analyses to ground innovation in real stakeholder communities. In Colombia, South Africa, and the Philippines, our teams are developing stakeholder and technical networks. In Nicaragua, Kenya and Vietnam, the project teams are in place for a rapid appraisal and applications.
Our methodology: designed to promote investment opportunities
The survey of the rapidly expanding literature, project launch, interactions with the investor community and clarification in our design stage for the project methodology across our team all point to four major headlines. These are working propositions that already have some evidence and will be further investigated during the project. (read more…)