Climate change adaptation sector includes the change of behavior, skillset, and knowledge to address anticipated short-, medium-, and long-term climate change impacts. The challenges in adaptation activities are mainly related to scale, where the climate change issue is global while adaptation benefits are local. Therefore, to encourage collaboration and ensure sustainability in the local level, the engagement of related stakeholders, including private sectors is necessary. However, adaptation activities which take many forms and generally yet to be well-defined, will pose a specific challenge in engaging and quantifying the level of private investment.
As one of the efforts to encourage the number of climate change adaptation activities in Indonesia, the Fiscal Policy Agency as the National Designated Authority of the Green Climate Fund in Indonesia provided technical support to the national accredited entity, Kemitraan in developing a funding window called “Adaptation Financing Facility”. To encourage private sector participation, a study to identify the private sector roles in the Adaptation Financing Facility was developed and summarized into a factsheet called “Role of Microfinance in Advancing Adaptation Finance Facility” which is available to access.
This fact sheet is available in English only.
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