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Adaptation Gap Report 2024
November 10 , 2024
11 days
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- The United Nations Environment Programme’s (UNEP) ‘Adaptation Gap Report 2024: Come hell and high water’ was released recently.
- International public adaptation finance flows to developing countries increased from US$22 billion in 2021 to US$28 billion in 2022.
- However, achieving the Glasgow Climate Pact goal would only reduce the adaptation finance gap, which is estimated at US$187-359 billion per year, by about 5 per cent.
- The actual adaptation financing needs for developing countries is a whopping $387 billion per year till 2030.
- On planning, 171 countries have at least one national adaptation planning instrument such as a policy or a strategy document to achieve Paris Agreement.
- Of the 26 countries which do not have such an instrument, 10 have not shown the inclination to develop one.
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