Glasgow City Region Climate Adaptation Strategy and Action Plan
In addition, a larger ecosystem of social network actors was mapped for finance in Glasgow City Region. draws out the potential interaction between public, private and third sector actors to finance adaptation – see Figure 28. The closer the actor to the centre, the greater their role in adaptation finance and the more likely ease of finance. This map is useful to understand which actors already play a strong role in financing adaptation and which ones need to be provided with incentives and enabling environments to encourage their participation. This could be an effective way to tease out combined mitigation-adaptation approaches to finance climate action or blending finance.
Adaptation Finance Social Network Map
Key
Actors Examples Closeness to centre =
Water Industry Commission for Scotland
Households
greater current role in adaptation finance and likely ease of finance
Ofgem
Visit Scotland
Regulators
Public Sector
Scottish Power, SSE
Transport Scotland
Inverclyde Council, Glasgow City Council, East Dunbartonshire Council, etc.
Scottish Water
SNH
SEPA
Utilities
Government Agencies
Households
Re-insurers
Local Authorities
Insurers
Block grant/ COVID-19 green recovery
Axa, etc.
Private Sector
Scottish Government
Adaptation finance in Glasgow City Region
Micro, small and medium enterprises
Small tourism, fisheries
UK Government
European Union /Commission
Project developers, contractors, construction
Large enterprises & multinational corporations
Green Deal
material providers
Public financial institutions
Foundations, NGOs, charities, trusts
Venture capital investors
Scottish Venture Fund, Scottish Enterprise
EIB SNIB, SIB
Scottish Wildlife Trust, Keep Scotland Beautiful, The MacRobert Trust, Esmée Fairbairn Foundation, Garfield Weston Foundation, D’Oyly Carte Charitable Trust
Commercial banks
Institutional investors
Retail investors
Angel investors
Impact investors
Investment banks
Lloyds, Barclays
Climate action fund, community response recovery & resilience fund
ESM Investments, Equity Gap, Apollo Informal Investment
Third Sector
Asset management firms
Positive change fund, Aberdeen Standard Investments
Pension funds
Macquarie Group, JP Morgan
Brunel Pension Partnership, Scottish Public Pensions Agency
Blackrock, Aberdeen Asset Management
Fig.28. Adaptation Finance Social Network Map for Glasgow City Region.
More detail of the approach to finance adaptation can be found in the technical annexes.
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