Advisory report on the importance of the financial sector within the National Climate Adaptation Strategy (NAS). NextGreen prepared the advisory report on behalf of the Ministry of Infrastructure and Water Management.

Advisory report on the importance of the financial sector within the National Climate Adaptation Strategy (NAS). NextGreen prepared the advisory report on behalf of the Ministry of Infrastructure and Water Management.

Context

The Netherlands faces major challenges from the effects of climate change, such as heat waves, extreme rainfall, and storms. To keep the country resilient in the face of these changes, the Ministry of Infrastructure and Water Management is working on a new National Climate Adaptation Strategy (NAS), which will be published in 2026.

The ministry needed insight into the potential synergies between the financial sector and the fifteen key challenges in the NAS. The advisory report provides insight into this. The report recommends joining forces in informing citizens and entrepreneurs (financial sector customers) and collaborating on opportunities for financing climate adaptation.

Approach and activities

For the advisory report, we conducted a desk study with a European exploration, interviews with the leading policymakers working on the fifteen challenges, and interviews with financial institutions and branch organizations from the financial sector Climate Adaptation Working Group facilitated by NextGreen. In a broader working session, the draft insights were jointly refined and participants complemented each key challenge. NextGreen worked on the advisory report together with Bouke de Vries of Climate Finance Expert.