Explanation: Adaptation Gap Report 2023 is released by UNEP.

• Adaptation gap is the difference between implemented adaptation and societal set goals. Adaptation finance needs are 10-18 times higher than current public flows.
• The Adaptation finance gap is expanding, now at US$194-366 billion annually.
• Action plan on loss and damage has overlooked non-economic losses like cultural heritage and indigenous knowledge.

Source: FORUMIAS