Context: According to the UNEP’s Adaptation Gap Report 2022, global adaptation planning, financing and implementation efforts are insufficient to prepare vulnerable communities around the world to adapt to the rising risks of climate change impacts.
Key Points: •Progress on adaptation plans: A third of the 197 parties to the United Nations Framework Convention on Climate Change (UNFCCC) have incorporated quantified and time-bound targets for adaptation. ◦And 90 per cent of them have considered gender and disadvantaged groups, the report read.
•Low Finance: International adaptation finance flows are five-10 times lower than required and this gap continues to grow. Finance for adaptation increased to $29 billion in 2020 — only a four per cent increase over 2019.