Scaling up adaptation finance and private finance mobilisation: Actions for international providers

Dec 3, 2023 | 12:45 PM - 2:15 PM

Finance & econ instruments Industrial decarbonisation Reaching net zero

Description

Building on new OECD analysis, the event will discuss opportunities to scale up finance for adaptation and the mobilisation of private finance in the context of the USD 100 billion goal, while contributing to broader climate-resilient and private sector development in developing countries. This session will take place live from Dubai at 16:45 - 18:15 GMT+4 and will be livestreamed here on the OECD COP28 Virtual Pavilion.

Moderated by

Jo Tyndall

OECD

Director, Environment Directorate

https://www.linkedin.com/in/jo-tyndall-6b3b10b3/

Speakers

Amar Bhattacharya

Brookings Institution

Senior Fellow

Mathias Cormann

OECD

Secretary-General

https://www.linkedin.com/in/mathiascormann/

Suzanne Gaboury

Asian Development Bank (ADB)

Director General Private Sector Operations Department

https://www.linkedin.com/in/suzannegaboury/

Steven Guilbeault

Ministry of Environment and Climate Change of Canada

Minister

www.linkedin.com/in/steven-guilbeault-7307a345

Jennifer Morgan

German Federal Foreign Office

State Secretary and Special Envoy for International Climate Action

https://www.linkedin.com/in/jennifer-morgan-52940b188/

Seyni Nafo

Africa Adaptation Initiative

Coordinator

Find out more Related resources

This report presents aggregate trends of annual climate finance provided and mobilised by developed countries for developing countries for the period 2013-2021. It includes breakdowns by climate theme, sector, financial instrument and recipient country grouping for the period 2016-2021. The report also provides key recommendations for international providers to increase financing towards adaptation and more effectively mobilise private finance for climate action, which are both important policy priorities and current bottlenecks.

This report explores evidence-based action areas to increase and accelerate the mobilisation of private finance for climate action in developing countries, and the role of international public finance providers in doing so. It draws on best-available data to provide disaggregated analysis of the sectoral, geographic and other features of private finance mobilised by public climate finance and presents key economy-wide, sector-specific, and institutional challenges to private finance mobilisation.

This report analyses current trends of adaptation finance provided and mobilised by developed countries for developing countries. It explores potential action areas for international providers to scale up funding for climate change adaptation, including by unlocking the potential of the private sector. The analysis is anchored in the context of the USD 100 billion climate finance goal, initially set for 2020 and extended to 2025, while also providing insights to the broader and longer-term objective of supporting developing countries’ ability to adapt to the adverse impacts of climate change.

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