Thank you.
Absolutely, the role of the private sector and of many actors in the private sector in not only funding but in bringing innovations into thinking about a low-carbon future and adaptation is a key element of the adaptation equation, if you will, in the countries in which we work.
One of the challenges we have found, from some of the research we have funded, is that there is an inadequate pipeline of fundable, bankable adaptation projects for investors. In working with the private financing advisory network, which is a network of experts who link entrepreneurs with investors, we have tried to identify what some of the barriers are. The long-term nature of adaptation projects is that they are development-type projects, in which we're looking at things that are going to help people's lives and livelihoods—social benefit kinds of investments. They're riskier, they're longer and they're less less easy to undertake than those in the clean-tech area, where there's a more obvious return.
Helping to position entrepreneurs and countries to attract investment has to do with clear criteria, clear benefits and making a strong business case. Some of the research we have funded has helped strengthen the pipeline for that funding.