As climate impacts accelerate, finance gap for adaptation efforts at least 50% bigger than thought
Progress on climate adaptation is slowing on all fronts when it should be accelerating to catch up with rising climate change impacts and risks, according to a new United Nations Environment Programme (UNEP) report.· Finance needs of developing countries now 10-18 times as big as international public finance flows · Growing gap results from rising adaptation needs and faltering adaptation finance · Failure to enhance adaptation has huge implications for losses and damages Released ahead of the COP28 climate talks taking place in Dubai, United Arab Emirates, the Adaptation Gap