One of the key challenges in adaptation finance has been getting private capital to invest in projects that they often see as too small or too risky.
With adaptation funds making up a fraction of climate finance totals, determining how to identify and invest in projects that help companies or industries adjust to current or expected effects of climate change is critical.
ResponsAbility, a Swiss impact investing firm, recently launched the Climate Smart Agriculture & Food Systems Fund, which should raise $60 million by the end of the year. The fund aims to provide commercial returns and help prove that there are investments, and profits, to be made in adaptation.