The full potential of private sector innovation and investment has not yet been realized for adaptation. The market for climate adaptation solutions has the potential to grow significantly.
Every dollar invested in adaptation leads to returns between 2 and 15 dollars, with companies creating value by providing the innovation, goods, and services that others will need to adapt to the effect of extreme weather and slow onset impacts. The opportunity for innovation represented in the agricultural sector alone could reduce food insecurity for millions of people in climate-vulnerable countries.
The Global Center on Adaptation (GCA) and the World Economic Forum (WEF) are consulting with business leaders on the plans for a Global Business Adaptation Hub, a collaborative effort across industries, and between businesses and governments, to realize the opportunity of increasing the role of the private sector in adaptation action.
