background image

Climate adaptation funds are not reaching frontline communities: what needs to be done about it

author image

By illuminem briefings

· 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

Click for more news covering the latest on climate change

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)