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Over the past few years, East Africa has been hit hard by climate change. Drought, locusts, and flooding have all taken a toll on the region, leaving 60 million people in need of urgent humanitarian assistance. Climate change has disrupted rainfall patterns, causing a series of disastrous events like flooding, crop destruction, and disease outbreaks. Rising temperatures have also led to negative consequences, like air pollution and water scarcity.
The United Nations Environment Programme (UNEP) now considers climate change an emergency in East Africa, given the significant impact it has already had on the region. However, efforts to adapt to these changes have been slow, with most attention still focused on reducing emissions. The consequences of climate change have been particularly severe in Kenya and Ethiopia, while Uganda has recently made a greater effort to adapt.
Unfortunately, private sector investment in climate change adaptation has been insufficient. According to the Climate Policy Initiative, private investment in Ethiopia only covered 0.56% of the country’s climate finance needs in 2018, and in Kenya, only 4% of the needs were covered. The lack of private investment in Uganda has also been concerning. This is partly due to investors’ perception of the region as high risk.
To paint the real picture and offer insights into the role investors and innovators can play in accelerating private sector investment for physical climate adaptation solutions, GeoPoll collaborated with the African Venture Philanthropy Alliance (AVPA), the Lemelson Foundation, and Weber Shandwick to carry out a multi-stage study in Kenya, Ethiopia, and Uganda.
The study involved an extensive literature review, a representative survey of 5,000 respondents, and in-depth conversations with experts to provide rich insights into the climate adaptation investment ecosystem in East Africa.
About the report
The result of this study is a detailed report outlining the barriers and opportunities for investment in climate adaptation technologies in East Africa, as well as pathways for impact investors to fund innovative adaptation technologies in the sectors most impacted by the climate crisis: agriculture, health, and infrastructure.
It is a guide for decision-makers, offering practical recommendations to governments, investors, entrepreneurs, businesses, and organizations seeking to adopt radical climate protection technologies in East Africa. It provides an in-depth understanding of the challenges of the climate investment ecosystem and serves as a roadmap to seize opportunities and promote innovation in climate adaptation technologies and financial models.
Download the Report – Free
The Priming Private Sector Investment in Climate Adaptation Innovations in East Africa Report is an essential resource for anyone committed to solutions that safeguard the region from the consequences of climate change.
Fill in this form to get the report via email, for free.
Contact GeoPoll
Please contact us if you have any questions on this report and its methodology, or if you would like to learn more about GeoPoll’s research capabilities around the world.