Adaptation Gap Report 2024
The Adaptation Gap Report 2024, released by UNEP, underscores the pressing need for enhanced climate adaptation efforts. While global adaptation finance rose from $22 billion in 2021 to $28 billion in 2022, a significant annual funding gap of $187-$359 billion persists. The report calls for new financial goals, stronger adaptation elements in climate pledges, and innovative financing strategies. Vulnerable nations, disproportionately affected by climate impacts, require capacity building and technology transfer. As COP29 approaches, the focus is on achieving coordinated global action to address these challenges, emphasizing sustainable and anticipatory adaptation measures.
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