Original source: UNEP
- Almost three-quarters of nations have some adaptation plans in place, but financing and implementation fall far short of what is needed
- Annual adaptation costs in developing countries are estimated at USD 70 billion. This figure is expected to reach USD 140-300 billion in 2030 and USD 280-500 billion in 2050.
- Nature-based solutions, critical for adaptation, need to receive more attention
Nairobi, 14 January 2021 – As temperatures rise and climate change impacts intensify, nations must urgently step up action to adapt to the new climate reality or face serious costs, damages and losses, a new UN Environment Programme (UNEP) report finds.
Adaptation – reducing countries’ and communities’ vulnerability to climate change by increasing their ability to absorb impacts – is a key pillar of the Paris Agreement on Climate Change. The agreement requires its signatories to implement adaptation measures through national plans, climate information systems, early warning, protective measures and investments in a green future.
The UNEP Adaptation Gap Report 2020 finds that while nations have advanced in planning, huge gaps remain in finance for developing countries and bringing adaptation projects to the stage where they bring real protection against climate impacts such as droughts, floods and sea-level rise.
Public and private finance for adaptation must be stepped up urgently, along with faster implementation. Nature-based solutions – locally appropriate actions that address societal challenges, such as climate change, and provide human well-being and biodiversity benefits by protecting, sustainably managing and restoring natural or modified ecosystems – must also become a priority.