Oxford Policy Management reposted this
How to scale up private investment in adaptation and resilience The world is massively under-investing in adaptation which risks worsening poverty, conflict and a host of other global challenges: current investment is about one third of what is needed. With public resources about one third of need, expanding private investment in adaptation and resilience is crucial to mobilising additional resources to address the resilience challenge across the world. The big question is how to make this happen. This was the topic of discussion last week with FCDO climate and private investment advisers. We presented findings from analysis of how donors can help address two major challenges: 1) How to mainstream adaptation and resilience in financial decision making by international, national and local financial institutions, banks and businesses 2) How to scale private investment into goods and services that increase adaptation and resilience, such as weather and climate services, climate smart agriculture and more. The findings were the product of work supported by FCDO, commissioned by Andrew Lucas and colleagues. The other (excellent) authors were Richard McNally, Edward Cameron, Durreshawar Mahmood, Rhea Cordeiro and Sanya Prakash. Our discussion at FCDO explored how donors can contribute to faster progress, particularly in low-income countries. The discussion touched on issues to do with the availability and accessibility of data, incentives, regulation and how to maximise investment in the countries and communities that are the most vulnerable. Over the past ten years we have seen phenomenal growth in private investment in mitigation. We need a similar effort to strengthen the incentives, policy, regulation and markets for adaptation. Our report suggests some steps on this journey: give it a read (or at least the Executive Summary 😊). Kailesh Patel Emma Robinson Katherine Cooke MSc Oxford Policy Management