Africa Business
Adaptation Platform
T
he Africa Business Adaptation Platform, an innovative collaboration between the Global Center on Adaptation (GCA) and the World Economic Forum (WEF), harnesses the private sector’s power to drive transformative and scalable adaptation strategies.
With the United Nations estimating an annual adaptation financing gap of $187-359 billion, the Africa Business Adaptation Platform is charting a new course by mobilizing $5 billion in business-led adaptation solutions by 2030, setting a precedent for how the private sector can lead the way in building a more resilient and sustainable future.
Contact:
Nitin Jain
Senior Director of Programs, GCA
nitin.jain@gca.org
Eric White
Head of Climate Adaptation, WEF
eric.white@weforum.org
Why the Africa Business Adaptation Platform?
Despite Africa’s vulnerability to climate change, less than 3% of global adaptation financing comes from the private sector. The Africa Business Adaptation Platform aims to change this by bridging critical gaps in finance, technology, and market awareness. It serves as the private sector window for the Africa Adaptation Acceleration Program (AAAP), enabling businesses to invest in adaptation innovations that yield significant returns while building resilience.
What does the Africa Business Adaptation Platform do?
- Unlocking Investment: Mobilizes resources from financial institutions, commercial investors, financial institutions, corporates and philanthropic funders to develop innovative adaptation solutions.
- Driving Innovation: Supports the creation of new financial instruments and market-ready adaptation technologies tailored to Africa’s unique needs.
- Changing Perceptions: Redefines adaptation as an opportunity for private sector growth, not just a public sector responsibility.
- Building Partnerships: Facilitates collaborations across industries to spur innovation and open new market segments.
- On-the-Ground Impact: Aligns with AAAP initiatives and the World Economic Forum’s Africa Food Innovation Hubs to implement tangible solutions in agriculture, infrastructure, and other priority sectors.
Key Focus Areas
- Agriculture & Food Security: Strengthening climate-resilient food systems and empowering farmers through sustainable practices.
- Infrastructure Development: Building robust infrastructure to withstand extreme weather and reduce vulnerabilities.
- Youth Empowerment: Promoting youth-led enterprises through initiatives like the YouthAdapt Challenge, fostering local innovation and job creation.
Join Us
Partner with the Africa Business Adaptation Platform to invest in Africa’s future and redefine climate resilience on a global scale. Together, we can close the adaptation financing gap and secure a sustainable, prosperous future for all.