Stockholm Environment Institute
Abstract: This paper presents an empirically-driven, conceptual framework that allows users to create an overview of enabling environments, mobilization, and delivery of finance for adaptation benefits at the national level. The framework was tested in two countries in Sub-Saharan Africa: Kenya and Rwanda. While an enabling environment is an important first step for mobilization of private finance, as often argued in literature, it is also crucial to enforce existing policies and consistently install and apply safeguard mechanisms, as well as to create awareness of climate impacts among private sector actors. Otherwise, the high expectations around the private sector’s financing of adaptation will not be met, which would leave communities, businesses and countries vulnerable to climate change.