Announcements
Announcements
This side event, organised by SEI, UNCDF and AAI, will highlight how the private sector can be best incentivized to contribute to the financing of adaptation activities.
When: Wednesday, 12 December, 16:30 – 18:00
Where: African Development Bank Pavilion, Katowice, Poland
International and domestic climate finance for mitigation and adaptation is a critical issue in the climate negotiations and key to achieve the long-term goal of the Paris Agreement to contain climate change to “well below” 2 degrees. Climate finance needs are particularly high in Least-Developed Countries, in Sub-Saharan Africa in particular, where countries already struggling with poverty, energy insecurity, natural disasters and conflicts, are also prone to crippling impacts of climate change. Besides public sector climate finance, considerable additional amount of private capital is needed for mobilising action, particularly for adaptation which is in focus at this event.
This side-event is organised by the Stockholm Environment Institute (SEI) and the United Nations Capital Development Fund (UNCDF). It will discuss how the private sector can be best incentivized to contribute to the financing of adaptation activities. It will discuss the current landscape of private sector involvement in adaptation in Sub-Saharan Africa as well as insights from in-depth case studies. The presentations will showcase case studies from existing experience with private sector climate finance, focusing on key adaptation-related financing vehicles. A representation of the local government of Tanzania will provide insights into the role of local government in engaging private actors such as SMEs and local financial institutions in investing in adaptation and resilience.
Luc Gnacadja, President of GPS-Dev; Former Executive Secretary of UNCCD and former minister of Environment of Benin
SEI brief / Sub-Saharan African countries have identified agriculture as an adaptation priority, and engaging private actors in projects is recognized as essential
SEI brief / This brief examines how the public sector can most effectively incentivise needed investments in climate change-related mitigation in Africa.
Project / Private sector finance for NDC implementation in sub-Saharan Africa (PRINDCISSA) finds synergies between mitigation and adaptation activities.
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