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Unlocking Private Sector Finance for Climate Adaptation

Objective

The next decade will be decisive for strengthening climate resilience. Yet climate adaptation remains critically underfunded, with the private sector contributing less than 10% of finance. Fragmented data and weak incentives prevent investors from recognising adaptation as a strategic priority. Without mobilising private capital, Europe cannot build the resilience needed to face escalating climate hazards. ADAPT-FIN addresses this challenge by delivering an advanced dual-layer cost–benefit tool, combining GEM-E3 macroeconomic modelling with micro-level cashflows projections to quantify avoided damages, ecosystem services, and resilience dividends. It will pioneer non-financial incentives that align adaptation with market logic, tested through nine real-world case studies (including NbS) across six Member States. Each case will produce a validated Investment Roadmap, enabling solution providers to structure bankable business models and pitch effectively to private sector stakeholders. ADAPT-FIN will integrate social sciences and humanities to analyse decision-making dynamics, investor biases, and cultural barriers. In close collaboration with financial institutions, businesses, and solution providers, the project will co-create investment toolkits, practical guidelines, and a repository of tested case studies and policy recommendations. Results will be embedded in EU finance frameworks (Taxonomy, CSRD, ESG, EFRAG standards) and channelled through the EU Mission on Adaptation platforms, including Climate-ADAPT and MIP4Adapt to ensure replication and scalability beyond the project. In doing so, ADAPT-FIN will mobilise private actors as “Friends of the Mission”, reduce the existing finance gap, and catalyse systemic change in Europe’s financial system, supporting a just and inclusive transition that protects vulnerable groups and ensures equitable access to adaptation finance.

Fields of science (EuroSciVoc)

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

HORIZON-RIA - HORIZON Research and Innovation Actions

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) HORIZON-MISS-2025-01

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Coordinator

CESKA ZEMEDELSKA UNIVERZITA V PRAZE
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 413 812,50
Address
Kamycka 129
165 00 Praha - Suchdol
Czechia

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Region
Česko Praha Hlavní město Praha
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (9)

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