The private sector also constitutes a key stakeholder group involved in collaborative processes to develop adaptation strategies. The inclusion of private sector actors in deliberative policy-making processes in urban adaptation can lead to higher procedural legitimacy levels, as witnessed in Rotterdam's case . Rotterdam has created an institutional environment that favours eco-innovation . The municipal government works directly with the private sector to enhance protection against flooding constructing a marketing strategy around a 'floating city' concept. A 'floating housing' market has expanded, with benefits for the local real estate and construction industries and knowledge-exporting businesses that provide consultation expertise, delta technologies and architectural models. Nevertheless, these new trends raise new governance challenges to deliver adaptation.
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report