Exploring pathways to private sector investment in climate change adaptation and resilience in Africa

Abstract

The objective of this paper is to explore ways in which African governments can engage the private sector to successfully create conditions and incentives for accelerated private sector investment in climate change adaptation and resilience activities in their countries. The paper is based on a critical review of both grey and published literature, with arguments being supported by cases of experiences in different African countries. The paper finds that while there are clear opportunities for private sector involvement in climate change adaptation and resilience efforts in Africa, there are also several critical financial and non-financial barriers that have to be dealt with, to ensure that private sector players successfully tap into the available opportunities. The paper recommends the setting up of coherent and coordinated policy and regulatory frameworks towards creating a conducive environment for private sector investment in climate change adaptation and resilience activities in Africa.