Abstract
This paper presents the results of a study into private sector engagement in climate change mitigation and adaptation action across Pacific Small Island Developing States, that was conducted as part of the work implemented by the Secretariat of the Pacific Regional Environment Program under the Green Climate Fund Readiness project ‘Supporting regional direct access entities to increase Pacific SIDS access to climate financing . Drawing on a structured scoping evidence review and targeted stakeholder consultations, we identify key barriers and opportunities for increasing private sector involvement in climate-sensitive sectors. We critically evaluate the existing policy landscape, institutional frameworks, and financial mechanisms influencing private sector participation, with a specific focus on micro, small, and medium-sized enterprises. Barriers identified include limited access to localized climate information services (CIS), fragmented regulatory environments, and insufficient financial incentives for private investment in adaptation and mitigation initiatives. Recommendations are proposed to scale up private sector engagement, including the development, tailoring, and uptake of localised CIS, better coordinated and more inclusive institutional systems, expanded financial incentives and innovative risk mitigation tools, promotion of public-private partnerships, and streamlined policy frameworks. The strategic interventions proposed aim to overcome current barriers, mobilise private capital, and foster sustainable and inclusive economic opportunities across Pacific Small Island Developing States.