The private sector plays a key role in economic growth and job creation in developing countries, accounting for 60% of GDP, 80% of capital flows, and 90% of jobs. Involving the private sector in the national adaptation plan (NAP) process is important because the private sector will need to create climate-resilient jobs and goods/services, and help finance many adaptation actions. The private sector also has incentives to engage such as managing climate risks, accessing new markets, and complying with regulations. Governments can encourage private sector involvement by providing climate data and research, articulating the business case for adaptation, communicating long-term adaptation priorities, exploring private sector engagement strategies, and identifying private sector champions.

1. Engaging the Private Sector in NAP Processes

3. Why should
the private
sector be
involved in
the NAP
process?
Key engine of economic growth in
developing countries:
- 60% of GDP
- 80% of capital flows
- 90% of jobs
Will be needed to:
- Create the jobs needed to support
adaptation
- Develop the goods and services
needed for societies to become more
climate-resilient
- Finance – directly or indirectly –
many adaptation actions

4. Actors, instruments and scale
Adapted from UNEP FI, et al., 2016

5. The
business
case for
adaptation
• Manage risks for business
continuity and reputation.
• Capitalize on new markets
and business opportunities.
• Comply with policies,
regulations and investors’
interests.

10. The NAP
process

11. Barriers
and
enabling
factors

12. Engaging
the private
sector in
the phases
of the NAP
process

13. What can
governments
do to engage
the private
sector in the
NAP process?
• Generate and communicate climate
data and information
• Support research and development
for adaptation
• Articulate the business case for
adaptation
• Build the capacity to understand and
respond to climate vulnerability/risk
• Use the NAP process to
communicate the country’s medium-
to long-term adaptation priorities
• Explore developing a private sector
engagement strategy for the NAP
• Understand NAP financing needs
early, and develop feasible, bankable
project pipelines
• Identify and cultivate private sector
champions, and share stories of
success and failure to promote
crowding-in

14. Engaging the private sector in the NAP

16. www.napglobalnetwork.org
Twitter: @NAP_Network
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