Evidence review: Market-based approaches to mitigation and adaptation
Evidence review: Market-based approaches to mitigation and adaptation
Effective involvement of the private sector is key for closing financing gaps and enhancing climate action. Of the multilateral climate funds, the GCF has the strongest private sector focus and houses a private sector facility that enables it to finance private sector mitigation and adaptation activities directly and indirectly at the national, regional and international levels, in particular local actors, including small- and medium-sized enterprises and local financial intermediaries.
This review is a comprehensive and rigorous collation, assessment, and presentation of causal evidence presented solely in existing systematic reviews on key market-based approaches: payments for environmental services, willingness-to-pay assessments, insurance products and results-based payment modalities.
Key documents
Approach paper: Evidence review on market-based approaches to mitigation and adaptation
January 2024
Of the multilateral climate funds, the GCF has the strongest private sector focus and houses a private sector facility that enables it to finance directly and indirectly at the national, regional and international levels. This evidence review summarises causal evidence presented in existing systematic reviews on four key market-based approaches: payments for environmental services, willingness-to-pay assessments, insurance products and results-based payment modalities. The approach paper details the theory of change used, the methods, search strategy, data collection and analysis procedures.
