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Table 3 Discrepancy between developed countries’ submissions to the UN climate negotiations and the respondents of development banks and agencies in relation to private sector engagement in adaptation finance

From: Mobilising private adaptation finance: developed country perspectives

  Developed country communication to UN climate negotiations Implementation according to respondents from development banks and agencies
Main motivations for private engagement Mobilise $100 billion per year
Transformation to low-carbon and climate-resilient economies
Implementation of projects
Sustained creation of jobs
Development of the financial sector
Economic growth
Private actors involved “Private sector” in general
No differentiation between private sector financing and implementation
Predominantly private implementation of adaptation (rather than finance)
Need to specify sectors
Need to specify types of private entities
Perception of position of developing countries (Not included in submissions) Private sector engagement wanted, sometimes preferred over public finance as it can create jobs, tax revenue, and economic growth