UN Adaptation gap report: Wake-up call to climate crisis
The UN Adaptation Gap Report sheds light on the alarming consequences of the slow and inadequate response to climate change mitigation and adaptation efforts. It emphasizes that our failure to take decisive action is now resulting in severe limitations to our ability to adapt to the changing climate. In fact, some of these limits may have already been reached, posing a significant threat to our future.
When the COP28 rolls around, the pressure will be on the wealthier nations to fulfill their previous funding commitments and support developing countries. They also need to step up and meet the promise they made at COP26 in Glasgow, where they pledged to provide around $40 billion annually in adaptation finance support by 2025.
Furthermore, countries are currently locked in tough negotiations on establishing a loss and damage fund. This fund aims to assist nations in dealing with the most severe impacts of climate change. The stakes are high, and finding common ground won’t be easy.