The report titled “The Adaptation Gap Report 2022: Too Little, Too Slow – Climate adaptation failure puts world at risk” was released by the United Nations Environment Programme (UNEP).
It has been published each year since 2014 by the UNEP.
It provides science-based assessment of the global progress on adaptation planning, financing and implementation.
The current global efforts in adaptation planning, financing and implementation are insufficient to address the growing climate-related risks.
The world is currently on track for a 2.8°C increase in average global temperature.
According to researchers, if global warming is above 2°C, it could cause catastrophic climate crisis.
At least 84% of parties to the UNFCCC have adaptation plans, strategies, policies and laws in place.
This is a 5% increase when compared with the previous year.
A third of the 197 parties of the UNFCCC have a quantified and time-bound targets focusing on climate adaptation.
The cost of the adaptation needs is expected to increase to 160-340 billion USD by 2030 and 315-565 billion USD by 2050.