Investigating the mobilisation of private finance for climate adaptation in Hong Kong has significant implications for business practices and policy formulation. This UROP aims to delve deeper into Hong Kong's potential to become a hub for private-led adaptation finance by leveraging its strong expertise in finance and professional services, while also enhancing its role as an emerging green finance centre.

Building on prior UROP work that identified potential mechanisms to support adaptation finance in Southeast Asia and addressed the challenges that may impede its progress, this year’s project will focus on producing country-specific briefs. These briefs will detail how Hong Kong and Southeast Asian economies can collaborate effectively on adaptation finance strategies. Each brief will analyse the unique adaptation needs of individual countries and explore applicable financing mechanisms tailored to their specific contexts. Furthermore, the briefs will provide recommendations for enhancing cooperation among stakeholders in the region, emphasising practical steps to mobilise private finance for climate adaptation. This approach aims to foster a collaborative environment in which shared knowledge and resources drive meaningful progress in adaptation finance across Hong Kong and Southeast Asia.