Climate change has not only accelerated in recent years but has also inflicted severe and pervasive damage on vulnerable regions, particularly in East Africa. While much attention has been given to mitigating climate change, climate adaptation solutions have been largely overlooked.
The need to “correct course” on adaptation finance is paramount. According to the Climate Policy Initiative’s 2022 estimation, Africa requires a staggering $250 billion annually for climate financing, with East Africa alone needing $82 billion. Private finance inflows, while crucial, are still inadequate, covering only 0.56% of Ethiopia’s climate finance needs, for example.
In light of these challenges, AVPA in partnership with the Lemelson Foundation, Weber Shandwick and GeoPoll will be launching a report on Priming Private Sector Investment in Climate Adaptation Innovations in East Africa. The report seeks to identify the role that investors and innovators can play in accelerating physical climate adaptation solutions in Kenya, Ethiopia and Uganda, as well as the investment challenges and opportunities innovators face in scaling business models.
We invite you to join us as we share the report’s key findings and recommendations, followed by an engaging panel discussion exploring solutions and strategies to accelerate private sector investment in adaptation solutions.