Climate adaptation—and funding to support it—will be a major focus of the COP 27 climate meeting set to start on Sunday in Sharm El-Sheikh, Egypt
The world is doing far too little to prepare for the impacts of a warming planet, even as climate-fueled storms, floods, heat waves and drought become more extreme.
Adaptation—and funding to support it—will be a major focus of international climate talks set to start Sunday in Sharm el-Sheikh, Egypt. At last year’s summit, developed countries agreed to double the amount of money they were committing to help countries invest in efforts such as drought-tolerant crops, coastal defenses and other disaster-resilient infrastructure.
Climate impacts will only get worse if the world continues on its current trajectory. A sister report from the U.N. Environment Programme released last week showed that under countries’ current policies, temperatures are set rise 2.8 degrees Celsius by the end of the century, well above the 1.5 C goal laid out in the Paris Agreement.
“Those on the front lines of the climate crisis are at the back of the line for support,” U.N. Secretary-General António Guterres said at the launch of the UNEP report. “This is unacceptable.” A large majority of countries have adaptation plans or strategies, but many lack detail or timelines and they have struggled to attract investment. While money for adaptation has grown slightly in recent years, it still represents only around a third of total climate finance, with the bulk going toward clean energy deployment and other emissions-reduction efforts that provide a clearer return on investment.
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