This document contains the recommendations of the Private Sector Advisory Group to the Board on opportunities to engage the private sector in adaptation. The recommendations are presented in response to a request from the Board to scale up solutions to enhance the volume and impacts of adaptation programmes and investments, and include:

• Reiteration for support to readiness and project preparation activities in order to close information asymmetries and mitigate risk perceptions;
• Knowledge generation and transfer, including support for the utilization of climate data and projections to enable decision-making;
• Risk transfer products, such as insurance, to cover the residual costs of risk;
• Blended finance and public–private partnership structures to address market failures and incentivize private sector participation; and
• Gap analysis to determine areas where efforts should be focused, in order to support the development of funding proposals that target gap areas.