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Why in News?
United Nations Environment Programme (UNEP) has released the Adaptation Gap Report 2020.
Key Facts:
- Adaptation: It is one of the pillars of Paris accord. It involves increasing capacity and reduction of vulnerability of countries and communities to climate-related disasters. This capacity will be built by national efforts and funding mechanisms.
- Aim of the report: The report aims to indicate national and international efforts to advance adaptation.
Findings of the Adaptation Gap report, 2020:
- Finance: Annual adaptation costs in developing countries is much higher at $70 billion, compared to current finance of around $30 billion annually for adaptation. This cost is estimated to at least quadruple by 2050.
- Cost of Adaptation includes costs like planning, preparing for, facilitating and implementing adaptation measures.
- The flow of funds to developing countries is increasing faster than the cost of adaptation.
- Rise in Temperature: The world is heading for at least a 3°C temperature rise this century. Even if countries are successful in limiting global warming to well below 2°C, or even 1.5°C, the poor countries will suffer.
- Impact of Pandemic: The COVID-19 pandemic is expected to hit the ability of countries to plan for, finance and implement adaptation actions. It will disproportionately affect the most vulnerable countries and population groups.
Recommendations:
- Along with faster implementation, Countries need to step up the Public and private finance for adaptation.
- Nature-based solutions – locally appropriate actions that address societal challenges, such as climate change, and provide human well-being and biodiversity benefits by protecting, sustainably managing and restoring natural or modified ecosystems – must also become a priority.
- Cutting greenhouse gas emissions will reduce the impacts and costs associated with climate change.
- Pursue a Green Pandemic Recovery and increase the Nationally Determined Contributions(NDCs) under the Paris Agreement.
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