Stimulating private sector action in Disaster Risk Reduction and Climate Change Adaptation
Stimulating private sector action in Disaster Risk Reduction and Climate Change Adaptation.
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The impacts of disasters and climate change are felt most acutely in developing countries .To ‘climate-proof’ the Millennium Development Goals (MDGs) in Africa alone would cost an estimated US 100 billion a year for the next decade. Public funds alone cannot achieve this and the private sector faces too many investment barriers; collaborative action is therefore critical. Through detailed country case studies in Bangladesh, Kenya, Mozambique and Pakistan this report explores the potential for a private sector-led, resilience-building transformation in some of the poorest and most vulnerable countries, and how public finance mechanisms can initiate and support this.