The United Nations Environment Programme warned that current global adaptation efforts are failing to keep pace with the worsening costs driven by climate change. Although billions of dollars have been pledged at successive Conference of the Parties summits, affluent states have delivered only a small portion of this funding. The widening adaptation financing shortfall leaves developing territories exposed to severe climate impacts. These financial disparities and adaptation shortfalls were recently analyzed by international policy experts on an episode of Inside Story.
Key points
Affluent governments are failing to deliver the vital climate adaptation funding they pre…: Affluent governments are failing to deliver the vital climate adaptation funding they previously pledged to vulnerable regions.
Developing areas face severe human and economic impacts because promised resilience finan…: Developing areas face severe human and economic impacts because promised resilience financing has not actually materialized.
The global adaptation gap continues to widen as climate damage accelerates much faster th…: The global adaptation gap continues to widen as climate damage accelerates much faster than actual financial delivery.
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Inside Story
Why are wealthy countries failing developing nations?
UN report warns climate adaptation funding is falling far short of needs
The United Nations Environment Programme has published a report warning that the world is not adapting quickly enough to keep pace with the growing human and economic costs linked to the climate crisis.
The UN singles out wealthy countries – responsible for the bulk of carbon emissions – for failing to meet their financial pledges.
At successive Conference of the Parties (COP) meetings, billions of dollars have been earmarked to help developing nations become more resilient.
But only a fraction has been paid out. What are the consequences?
Presenter: Imran Khan
Guests:
Sandrine Dixson-Decleve – Honorary president of the Club of Rome
Avantika Goswami – Climate change and green economy programme manager at the Centre for Science and Environment
Danny Sriskandarajah – Chief executive of the New Economics Foundation
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