Part II: Private sector investment
Introduction
Adaptation efforts will require huge investments in the next 30 years. Public finance will not be enough to cover the needs in developing countries. Other sources, including private finance, will need to be mobilized to cover the finance gap for adaptation. Private Sector Facility (PSF) of the GCF has the unique mandate to use its concessional funds to mobilize and catalyze private investments for adaptation.
Objectives
- Discuss the opportunities for private investment in adaptation and the ways for PSF to promote such investments;
- Showcase PSF adaptation projects;
- Provide guidance for support adaptation planning to include private sector in NAPs and Readiness.
Expected outcomes
- Increase in Private Sector related readiness proposals;
- Increased number of adaptation Private Sector Project Preparation Facility (PPF) application;
- Structural involvement of Private Sector in NAPs.
Session Speakers
- Ayaan Adam (GCF)
- Federico Gallopin (GCF)
- Rebecca Mincy (ACUMEN) – ARAF Project
- Miguel Mendez (CABEI) – CAMBIO II Project
- Alec Crawford (IISD) – Private Sector in NAPs
Draft agenda
- Intro to Private Sector Facility (5 min)
- Private investment for Adaptation (15 min)
- Barriers and Opportunities
- Role of GCF
- Financial Instruments
- PSF Upstream Engagement
- Private Sector in NAPs (15 min)
- Presentation of CAMBIO II and ARAF projects (20 min)
- Summary of polling (5 min)
- Q&A to Panellists from public (20 min)
