Private sector finance for NDC implementation in sub-Saharan Africa (PRINDCISSA) was a multi-year research project funded by the Swedish Energy Agency. The Stockholm Environment Institute was the lead organisation on the project and was supported by Perspectives Climate Group and SouthSouthNorth. The project assessed how the private sector can be best incentivised to contribute to the financing of mitigation and adaptation activities as part of the implementation of NDCs. The project identified possible synergies between mitigation and adaptation activities, and explored the private sector’s role in supporting activities with mitigation and adaptation benefits.
The project approach comprised three work-packages viz:
- An in-depth study of practical experience with mobilising private climate finance for mitigation in sub-Saharan Africa through market mechanisms and climate finance mechanisms;
- An in-depth study of practical experience with mobilising private climate finance for adaptation in Sub-Saharan Africa through adaptation finance mechanisms
- A synthesis that brings together the results of the first two work packages and facilitates dialogue between policy-makers, private sector actors, and other practitioners.
This approach was designed in order to contribute to knowledge by providing insights from real experiences in sub-Saharan Africa. The goal was to produce knowledge products (research articles, policy briefs, submissions to the UNFCCC process) outputs that offer timely, practical and policy-relevant information and recommendations for engaging the private sector in NDC implementation.
PRINDCISSA aimed to achieve the following objectives:
- To assess the role of the private sector in the financing of national and sectoral mitigation and adaptation strategies, programmes and projects, taking into account on-going climate finance developments in the UNFCCC (and beyond) as well as evolving realities on the ground in SSA.
- To provide practical suggestions for further engagement with the private sector with a view to make a contribution to the global efforts towards attaining the goals set by the international community to combat climate change.
- On the basis of empirical research, to offer suggestions for how the private sector can contribute to channelling financial resources to developing countries at the international and national levels, and how policy instruments can contribute to private sector participation.
- Ensure practical applicability of the results obtained by focusing on Africa as a region and its special circumstances and needs.