COP26: COVID stimulus packages fail to address climate change adaptation, says U.N. report
3 years, 1 month ago

COP26: COVID stimulus packages fail to address climate change adaptation, says U.N. report

The Hindu  

Developing countries need to spend up to 10 times more public money than current levels to implement climate adaptation measures that would minimize harm caused by more frequent droughts, flooding and other weather extremes, according to a United Nations report published on November 4. But in 2019, climate financing to developing countries for mitigating emissions, adaptation, planning and implementation was $79.6 billion, according to "The Gathering Storm: The Adaptation Gap Report 2021." The report cites the World Bank's "Build Back Better" approach, which helps to identify sustainable long and short-term adaptation measures, such as building more resilient urban development, that would reduce a country's vulnerability to climate shocks. "All over the world people are feeling the adverse impacts of climate change — unexpectedly harsh winter storms, severe drought, locust swarms that destroy crops, life-threatening heat domes, progressive sea level rise that threaten coastal communities," Warner told DW from the COP26 climate conference in Glasgow, Scotland. "We must make significant investments in actions that help people and nature cope with and adapt to climate change-related impacts that are already underway," Cross said.

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