Turning adaptation priorities into fundable projects requires evidence of economic benefits but investors also need clear proposals, with costs, timelines, financing terms and a plan for sharing risks. The GIZ programme Policy Advice for Climate Resilient Economic Development (CRED) helped bridge this gap by translating model results and national adaptation priorities into Project Idea Notes (PINs). This work built on a companion solution, Macroeconomic Modelling to Evaluate and Justify Adaptation Investments, which assesses the GDP gains adaptation can deliver and the losses it can help avoid.

Each PIN is grounded in measured exposure to water-related climate risks including flood frequency, drought probability and irrigation demand making water stress central to the case for investment. Kazakhstan’s two PINs propose multi-purpose water infrastructure, estimated at USD 170–285 million, and building energy efficiency, estimated at USD 285–455 million. Georgia’s PINs focus on windbreak rehabilitation and flood protection.