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The Independent cites SEI Research Fellow Nella Canales’ work on the UN Environment Programme’s Adaptation Gap Report in its reporting on how gridlocked global climate finance talks are leaving lower-income countries in the lurch.
Countries’ failure to agree to a goal on climate adaptation financing are stalling the UN’s efforts to drive climate adaptation initiatives, particularly affecting lower-income countries, The Independent reported 24 July.
Meanwhile, aid cuts from the US and other countries, increasing climate disasters and warming temperatures all compound the lag in adaptation in these vulnerable countries, which already struggle to cope with the effects of accelerating climate change.
These issues all intensify the problem exposed in the 2024 UNEP Adaptation Gap Report: come hell and high water, which highlights the gap between current climate adaptation aid flows and the level of need.
SEI Research Fellow Nella Canales served as a lead author on the report’s chapter covering the financing gap.
Countries struck a deal at the 2021 COP26 conference to double adaptation financing for lower-income countries by 2025. But that deal is about to expire, potentially adding to those countries’ climate woes.
“Adaptation finance has increased in the last decade, but still not at the pace it’s needed,” Canales tells The Independent. “This increase is also threatened by the upcoming change in the development finance landscape.”
Feature / The process of setting a new target for climate finance from 2025 onwards is underway. SEI's Katherine Browne explains how the first dialogue went.
Other publication / UNEP’s Adaptation Gap Report 2024 finds that nations must dramatically step up adaptation, starting with a commitment to act on finance at COP29.
Feature / SEI Scientist and Zoha Shawoo puts the COP28 loss and damage decision into perspective, saying it is both significant and inadequate for the scale of need.
