COP 23 Side Event | Financing Adaptation: Private Sector Engagement in National Adaptation Plan Processes

Many developing countries are demonstrating their commitment to preparing for and adapting to climate change by initiating national adaptation plan (NAP) processes. Financing is needed throughout the entire NAP process to enable its potential to be reached, and the amount of financing required is expected to be significant.

As public sector finance alone will not be enough to finance NAP processes, there is increasing recognition of the need to engage the private sector in financing adaptation. Uncertainty remains, though, regarding how to mobilize private finance to advance implementation of adaptation priorities and how governments might influence private sector investment.

These issues will be explored through this event hosted by the NAP Global Network. The event will provide context and showcase examples of innovative approaches of how countries can work with private financiers and enterprises to finance their NAP processes. A panel of governmental, non-governmental and private sector representatives will be followed by an engaging session in which audience members will explore way to engage the private sector in financing NAP processes.