Plenary session: How can development actors unlock private sector flows to get capital flowing towards climate adaptation action in developing countries?
February 4, 2025 11:00 AM | 11:00 AM - 12:00 PMAuditorium
February 4, 2025 11:00 AM | 11:00 AM - 12:00 PM
Auditorium
Description
In collaboration with ENVIRONET
Unlocking finance from private sources for adaptation is essential to contribute to scaled-up climate financing, and blended finance constitutes a key approach for achieving this. This session will discuss how to collectively scale financing for adaptation, considering massive needs, existing efforts and respective potential pathways. It will leverage the upcoming OECD Blended Finance Guidance for Climate Change Adaptation, that provides concrete recommendations for development finance actors to better design blended finance interventions and mobilise private finance towards key adaptation needs and priorities. More specifically, the Guidance focuses on framing the role of blended finance for adaptation in key adaptation sectors, and explores the use of traditional and innovative financing instruments with the potential to amplify the resources towards climate change adaptation.
