British International Investment (BII), the UK development finance institution (DFI) and impact investor, has unveiled a detailed case study on scaling climate adaptation finance for more climate-resilient water systems in Egypt.
This builds on the recently launched Climate Adaptation and Renewable Energy (CARE) for Water framework by BII.
The report is designed to act as a blueprint to guide policymakers and development finance practitioners to unlock and scale adaptation finance for sustainable and climate-resilient water systems through collaboration to address climate risks and overcome barriers to investment in a more systemic way.
Further, it considers Egypt’s NWFE agenda and provides a case study of the key factors that need to be considered when applying the CARE approach, as well as illustrates how this approach could be further developed to direct and incentivise private investment for scaling adaptation finance.
It also shares market insights on the range of adaptation finance options that can be delivered through public-private cooperation.
Speaking about this, Sherine Shohdy, Head of Egypt Office and Coverage Director for BII, said: “BII is continuing to support Egypt’s advancement to a more sustainable and inclusive economy. The CARE for Water report is one more step forward. It calls for a holistic approach to evaluating climate risks and identifying investment opportunities across the entire water value chain, from water resource management, supply transmission and distribution and wastewater treatment, to ensure water systems meet Egypt’s rising water needs.”
