Finance is key to achieving Sustainable Development Goal 7 (SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all. However, less than one-fourth of the investment required for universal electricity access is taking place.

This report explores the current state of finance for climate adaptation and proposes practical, near term solutions to both fill in knowledge gaps and to increase investment.

Access to sustainable energy underpins many aspects of a healthy, sustainable economy. It is a child’s ability to turn on lights to study at night and connect to the internet, a family’s ability to cook indoors without inhaling smoke, and a business’s ability to operate and grow, creating jobs and opportunities.

As 2015 draws to a close, there is a strong hope that the Paris Climate Summit could represent a turning point in the global fight against climate change.

This working paper provides emerging insights from the experience of seven Development Finance Institutions (DFIs) in driving private sector investment in climate resilience, and from a workshop on strategies and business models that could help to scale up current efforts.

In December 2015, countries will gather in Paris to finalize a new global agreement to tackle climate change. Decisions about how to unlock finance in support of developing countries’ low-carbon and climate-resilient development will be a central part of the talks.