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Adaptation Gap Report, 2023

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Santhosh Kumar 03/11/2023
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Adaptation Gap Report, 2023 mind map Context United Nations (UN) Report Declining adaptation finance Developing countries' needs not met Adaptation Gap Report Annual publication By United Nations Environment Programme (UNEP) Since 2014 Independent assessment Global adaptation to climate change Co-producers UNEP Copenhagen Climate Centre (UNEP-CCC) World Adaptation Science Programme (WASP) Objectives Inform climate negotiations Among UN member states Explore options Enhance national and global adaptation efforts Alignment With UN Framework Convention on Climate Change (UNFCCC) Global stocktake Findings of Adaptation Gap Report, 2023 Finance needs Developing countries 10-18 times greater than public finance flows Funding in 2021 15% lower than previous years Current adaptation finance gap USD 194-366 billion per year Adaptation finance gap definition Difference between adaptation financing needs and finance flows 55 climate-vulnerable economies Losses and damages Over USD 500 billion in last 2 decades Investment benefits Against coastal flooding USD 1 billion investment Leads to USD 14 billion reduction in damages In agriculture USD 16 billion per year Prevents 78 million people from starvation or chronic hunger National adaptation planning instruments 5 out of 6 countries have at least one Progress slowing for global coverage 7 ways to increase financing Include domestic expenditure International finance Private sector finance

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