Assessment of the market for climate resilience
NDF has approved a EUR 0.5 million grant financing to support an assessment of the market for climate resilience in two key sectors in three large developing countries
“The Market for Climate Resilience in Latin America, Africa and Asia” builds on the PROADAPT concept piloted by NDF and the Multilateral Investment Fund (MIF) of the IDB Group. This project will support an assessment of the market for climate resilience in two key sectors in three large developing countries, one each in Latin America, Africa and Asia. In addition, three NDF priority countries, one from each region, will be included as reference countries in this assessment. This assessment will generate learning and disseminate knowledge regarding the market for products and services that build climate resilience in these countries and related business opportunities. A main outcome of this project will be the identification of a replicable methodology for estimating key aspects of the market for climate resilience in different regions, with special application in NDF target countries and client countries of the MIF.
The activities under this project will form the foundation for an eventual private climate resilience monitor that, among other things : (i) provides information and knowledge for private and public stakeholders on the growing global market in climate resilience solutions, (ii) highlights innovative products, services, processes and business models that might be replicated and thereby contribute to the critical need for greater climate resilience, (iii) provides more robust analytics to inform public adaptation policies, including the potential for public-private partnerships in climate resilience, (iv) identifies innovative enterprises that are attractive candidates for equity investment, leverage or targeted technical assistance, and that (v) will identify and disseminate emerging investment, business and financing opportunities in projects related to climate resilience.
NDF’s participation makes it possible for other regions to be included in the survey and other major regional banks will be invited to participate in project monitoring, results dissemination and scaling-up.
