· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on The Conversation or enjoy below:
🗞️ Driving the news: The world's most vulnerable communities, particularly in sub-Saharan Africa, are not receiving the promised climate adaptation finance from wealthier countries
• Despite the 2015 Paris Agreement pledge, the $50 billion annual commitment is not being met, leaving frontline communities in countries like Mozambique, Zimbabwe, and Niger under-supported
🔭 The context: Climate adaptation finance is critical for communities facing severe impacts from climate change, such as droughts and flooding
• However, the actual delivery of these funds has fallen short. The Adaptation Gap Report highlights that the current financing is 10-18 times below the required amount
🌍 Why it matters for the planet: The inadequate support for vulnerable communities in the face of climate change not only threatens these regions but also has broader implications for global environmental stability
• Addressing this funding gap is essential for effective climate change mitigation and adaptation worldwide
⏭️ What's next: The United Arab Emirates, as the host of the upcoming United Nations climate negotiations (COP28), aims to focus on fixing climate finance
• This presents an opportunity for reevaluating and improving how funds are allocated and accessed by those in dire need
💬 One quote: "There is simply not enough [climate adaptation finance]. Wealthy countries have consistently failed to deliver on the US$50 billion commitment"
📈 One stat: Sub-Saharan African countries receive as little as US$5 per person per year in adaptation finance, highlighting the severe shortfall in support for the most vulnerable
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