Can the private sector fill the climate adaptation finance gap?

Calls for private climate finance for developing countries have never been louder. As adaptation needs are increasing, aid budgets are reducing, sovereign debt levels are rising, and fiscal space is tightening, there are increasing hopes and expectations that the private sector can fill the adaptation finance gap. But what do the facts tell us? This video – an accompaniment to the Zurich Climate Resilience Alliance’s groundbreaking new research on private adaptation finance - examines the extent that the private sector can contribute to closing developing countries' adaptation needs gap of US$320 billion per year. The evidence is clear: engaging the private sector will be vital, but it’s not a silver bullet – and it is no substitute for the kind of bold, coordinated push that the international community must adopt in order to protect those most at risk from climate hazards. For more, read the Alliance’s report, ‘Adaptation finance and the private sector: opportunities and challenges for developing countries’, available now at ZCRAlliance.org