On 11 November 2024, Climate-KIC hosted the first online meeting “Financing Opportunities & Challenges for Adaptation Enterprises“. This event gathered ecosystem players, including funders, investors, NGOs, start-ups, and others, to explore pathways for advancing climate adaptation in regions such as Africa and Latin America. Examples of reef conservation, sustainable agriculture in Africa, and investment in food and agricultural value chains led to broader discussions on access to finance and potential pathways for climate adaptation. Below are some key insights and lessons learned.
- Lack of Adaptation Focus Among Start-ups and MSMEs: Start-ups and MSMEs in emerging economies often do not prioritize climate adaptation, partly due to limited awareness. Even enterprises working in this space may not view their contributions as “adaptation solutions.”
- Increased Awareness Needed in the Global South: Emerging economies need greater understanding of adaptation, resilience, and related technical aspects.
- Missed Financial Opportunities : Due to limited understanding of adaptation, many start-ups and MSMEs miss out on financial support available for adaptation-focused projects.
- Solution Pathways: Showcasing global …