Mobilising private adaptation finance: developed country perspectives

Pauw, Pieter
Externe Publikationen (2017)

published on International Environmental Agreements: Politics, Law and Economics (online first) DOI: 10.1007/s10784-016-9342-9


The private sector is one of the sources of finance included in developed countries’ pledge in the UN climate negotiations to mobilise $100 billion annually by 2020 to support developing countries’ efforts to address climate change. For adaptation in particular, it remains unclear what mobilised private finance is. Research so far has focused
on its potential and experiences in developing countries, but not on the arguments of those who introduced and continue to advocate private adaptation finance: developed countries.
This paper investigates the positions of developed countries and development banks and agencies. In particular, it aims to identify whether those actors can reach a common understanding of private adaptation finance that minimises norm conflicts in a fragmented climate finance system. Empirically, the paper examines the Biennial Reports and submissions on Strategies and Approaches for Mobilising Scaled-up Finance of six developed country parties, as well as data from interviews with experts from development banks and agencies.
The analysis finds a number of discrepancies between these sets of actors, for example on motivations for and modes of private sector involvement. This discrepancy is the result of ambiguity around the concept of private adaptation finance in a highly fragmented climate finance architecture. This ambiguity is problematic when the aim of mobilising private adaptation finance is to contribute to the $100 billion commitment. However, if the aim is adaptation in practice, both ambiguity and fragmentation might actually make the climate finance system more inclusive and innovative.

About the author

Pauw, Pieter

Environment Scientist


Further experts

Chan, Sander

Enviroment Policy 

Kuhn, Sascha

Social Psychologist 

Malerba, Daniele


Mathis, Okka Lou

Political Scientist 

Keil, Jonas


Fuhrmann, Hanna


Yu, Lu

Agricultural Economist 

Aleksandrova, Mariya

Climate risk governance 

Grabert, Margarita

Environmental Economics 

Sommer, Christoph


Hilbrich, Sören


Gudibande, Rohan


Bauer, Steffen

Political scientist 

Berensmann, Kathrin


Brandi, Clara

Economist and Political Scientist 

Gonsior, Victoria


Iacobuta, Gabriela

Environmental Researcher 

Laudage, Sabine


Never, Babette

Political Scientist 

Pegels, Anna