Private finance for climate-change adaptation: challenges and opportunities for Kenya
This policy brief examines how Kenya can create an enabling environment for private investment in adaptation, and how development partners can support this effort. Private investments in adaptation are important. The costs of adaptation are too high to be met by the public sector alone, and developed countries have expressly envisioned private-sector contributions in their pledge to mobilize 100 billion USD per year by 2020 to support climate action in developing countries. This policy brief focuses on how Kenya can bolster private investment in adaptation, starting by creating an enabling environment. Adaptation is a priority to both the Kenyan government and its development partners, but private adaptation has not been mainstreamed in key government policies.