Closing THE INVESTABILITY GAP
What will it take to turn climate adaptation needs into investable opportunities?
GARI researched and developed this 2026 report drawing on interviews, case studies, and findings from the Climate Adaptation Innovation Learning (CAIL) Community of Practice, with funding from the Global Environment Facility (GEF) and implementation by the United Nations Industrial Development Organization (UNIDO).
The paper lays out four conditions required to increase investability:
1. Growing demand and a viable commercial proposition
2. An investment-ready enterprise or pipeline
3. Capital suited to the market, stage, and business model
4. A market context in which investment can occur.
The findings point to five priorities for closing the investability gap:
1. Diagnose the constraint before designing the solution.
2. Use blended finance to address a named constraint.
3. Fund the functions that create and sustain an investable pipeline.
4. Design pathways across capital stages.
5. Build evidence that supports real decisions.
Read the Closing the Investability Gap report here.
The Unavoidable opportunity
Leading Financial Organizations Unveil Investor Toolkit for Climate Resilience Solutions
“The Unavoidable Opportunity: Investing in the Growing Market for Climate Resilience Solutions” was released by GARI in partnership with MSCI Sustainability Institute, the Lightsmith Group, the Bezos Earth Fund, and ClimateWorks Foundation to highlight climate resilience solutions as a key growth industry of the 21st century.
The report presents a first-of-its-kind, AI-powered framework identifying a universe of over 800 publicly-traded companies in the business of resilience along with methods investors can use to find these companies and incorporate climate resilience into investment product design.
It was released in conjunction with a new framework for Climate Resilience Investments in Solutions Principles (CRISP) developed by GARI to provide a comprehensive approach to identify relevant companies considering all regions, growth stages, asset classes and sectors.
Read The Unavoidable Opportunity report here.
Read the CRISP framework here.
The Hidden Adaptation Economy
Climate adaptation is an investable opportunity in public markets. But can investors can see it?
A new report from the MSCI Institute builds on the 2024 GARI report "The Unavoidable Opportunity" and reveals broad corporate engagement with adaptation and resilience across companies representing roughly $96 trillion in global market capitalization:
Read the report The Hidden Adaptation Economy: A New View of Corporate Resilience and Opportunity here.
