GEF : New commitments to scaling up climate adaptation investment
Inaugural Finance for Adaptation Solutions & Technologies Roundtable (FASTR) event
A number of public and private institutions outlined new financings, projects, studies, risk analyses, measurement methodologies, and other initiatives for climate adaptation, paving the way for greater private sector action and investment in climate adaptation.
The first Finance for Adaptation Solutions & Technologies Roundtable (FASTR) took place on July 4, 2019 during London Climate Week in London. Co-convened by the Lightsmith Group, the Global Adaptation and Resilience Investment working group (GARI), Willis Towers Watson, the Global Commission on Adaptation (GCA), the Global Environment Facility (GEF), and the Institutional Investors Group on Climate Change (IIGCC), the event was designed as a forum to elevate the discussion on and announce initial commitments to adaptation and resilience finance, building momentum for financial sector action in the lead up to the UN Climate Action Summit in September 2019.
Bringing together key stakeholders from public and private institutions to discuss scaling investment in climate adaptation, FASTR provided a platform for leaders to showcase existing initiatives and best practices for climate adaptation investment and to announce new commitments to climate adaptation over the coming years.