The below is attributable to Spokesperson Jessica Jennings:
Today, Administrator Samantha Power met with Jay Koh, Co-Founder and Managing Director of The Lightsmith Group, LLC, a private equity and venture capital firm that addresses critical social needs, to discuss support for private investment in climate adaptation and resilience in developing countries.
Administrator Power emphasized the PREPARE Call to Action, spearheaded by USAID and the Office of the Special Presidential Envoy for Climate, that is attracting new, significant commitments from private companies to invest in climate resilience in partner countries.
Administrator Power and Mr. Koh discussed Lightsmith Group’s approach to climate financing, innovation, and entrepreneurship to build climate adaptation and resilience, including Climate Resilience and Adaptation Finance and Technology-Transfer (CRAFT) and the CRAFT Technical Assistance Facility, which was launched last year with support from the Department of State.