Browsing: UNEP

This time last year, more than 37,000 delegates and over 150 nations gathered in Egypt’s Sharm el-Sheikh for the United Nations Framework Convention on Climate Change (COP27). That meeting concluded with a historic decision to establish and operationalise a loss and damage fund. It was a breakthrough that marked the climax of decades of pressure from climate-vulnerable developing countries, many of which are in Africa.

Released ahead of the COP28 climate talks taking place in Dubai, United Arab Emirates, the Adaptation Gap Report 2023: Underfinanced. Underprepared – Inadequate investment and planning on climate adaptation leaves world exposed finds that the adaptation finance needs of developing countries are 10-18 times as big as international public finance flows – over 50 per cent higher than the previous range estimate.