Not a panacea: private sector engagement in adaptation and adaptation finance in developing countries

Pauw, Pieter
Externe Publikationen (2014)

in: Climate Policy 15 (5),

Volltext/Document

International political debates increasingly stress the importance of private climate finance. Knowledge of private engagement in mitigating climate change and in more advanced economies is growing, but the evidence base for private sector engagement in climate change adaptation in developing countries remains weak. This paper conceptualises and scrutinizes private sector engagement in adaptation and adaptation finance in developing countries. Based on a case study on the agricultural sector in Zambia, it concludes that the domestic private sector in particular can contribute substantially to adaptation in direct and indirect ways, and that domestic policies incentivize such contributions. However, international private financing of adaptation is more limited and its analysis requires a stricter interpretation of adaptation. Private sector engagement in adaptation and adaptation finance can supplement, but not substitute, public investments in adaptation. These limitations are particularly important when discussing private adaptation finance as part of the developed countries’ pledge to mobilize USD 100 billion of climate finance per annum from 2020 onwards.

About the author

Pauw, Pieter

Environment Scientist

Pieter Pauw

Further experts

Altenburg, Tilman

Economic Geographer 

Bauer, Steffen

Political scientist 

Brandi, Clara

Economist and Political Scientist 

Breuer, Anita

Political Scientist 

Haldenwang, Christian von

Political Scientist 

Hein, Jonas

Geographer 

Horstmann, Britta

Geographer 

Houdret, Annabelle

Political Scientist 

Koch, Svea

Social Scientist 

Leininger, Julia

Political Scientist 

Mehl, Regine

Political Scientist 

Messner, Dirk

Political Scientist 

Never, Babette

Political Scientist 

Pegels, Anna

Economist 

Contact

Cornelia Hornschild (Publication Office)
Andrea Ueding (Library and Publications / Inquiries)