a recent norfund evaluation notes that increased investments in project development and improved coordination with norwegian mfa norad and the embassies have contributed to successful projects and upscaling opportunities norad adaptation investments typically aim for saving on future costs of climate change and this is not in line with thetypical investors revenue creation objectives it is therefore more difficult for investors to understand the business case compared with eg mitigation investments where investments in new emission reducing technologies can be seen and demonstrated to have considerable return on investment potential