Private actors can also drive adaptation action. The evaluation of private-led infrastructure and housing projects suggests that the prioritisation of profit, however, may have a detrimental impact on the overall resilience of a place. New institutional models such as public-private partnerships respond to the shortcomings of both the public and private sectors. Still, the evidence of them facilitating the inclusion of multiple actors is mixed.
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report