Adaptation target not keeping pace with growing risks: UNEP Report

Adaptation finance flows to developing countries are 5 to 10 times below estimated needs

Days ahead of the Conference of the Parties (COP27) climate summit in Sharm el-Sheikh, Egypt, a UN report has pointed out that global efforts in adaptation planning, its financing and implementation are not keeping pace with the growing risks.

“The international adaptation finance flows to developing countries are five to 10 times below estimated needs despite eight out of 10 countries having at least one national adaptation planning instrument,” said the United Nations Environment Programme’s (UNEP) Adaptation Gap Report 2022 titled “Too Little, Too Slow: Climate adaptation failure puts world at risk”.

Flow of international adaptation finance to developing countries