亚开行-促进私人来源的国际适应资金流动（英）-2023.5-32页_779kb

Summary of ADBI-ICRIER Working Paper 1377

This paper addresses the critical need to increase private sector investment in climate adaptation finance. Given the shortfall in public funding and the growing impacts of climate change, private capital is essential to bridge the adaptation finance gap. The study highlights that while private sector participation in total climate finance is robust, it remains minimal for adaptation-specific investments.

Key findings include:

• Barriers to Private Investment: Nonfinancial issues like data scarcity, policy gaps, and long-term risks inhibit private involvement in adaptation.
• Existing Financial Instruments: Various tools such as green bonds, carbon taxes, insurance mechanisms (including parametric insurance and CAT bonds), and adaptation benefit mechanisms help de-risk investments and attract private capital.
• Unplanned Climate Impacts: Focuses on the role of insurance in managing disasters, emphasizing the need for better risk data, education, and market development to enhance preparedness.

The paper recommends for G20 countries:

• Address Impediments: Governments should lead by creating policies, incentives, and investment frameworks to reduce perceived risks for private actors.
• Promote Insurance: Expand post-disaster impact reporting and encourage private sector engagement in insurance to improve resilience.
• Establish Knowledge Center: Set up a collaborative hub for research on climate impacts, leveraging tools like remote sensing and modeling.

Ultimately, facilitating private finance is crucial for sustainable adaptation, and the G20 can play a pivotal role in scaling up these efforts to meet global climate targets.