The UN Secretary-General on Monday called for urgent scaling up of funds for climate change adaptation and resilience building programmes, so they can offer real and lasting protection against the impact of major events such as droughts, floods and rising sea-levels. “Adaptation cannot be the neglected half of the climate equation”, Secretary-General António Guterres said at the Climate Adaptation Summit.
The need is all the more pressing in developing countries, which require an estimated $70 billion to meet their adaptation plans. But the figure could reach up to $300 billion in 2030, and $500 billion in 2050, according to the latest edition of UN’s Adaptation Gap report, released earlier this month. Mr. Guterres called for 50 per cent of the total share of climate finance provided by all developed countries and multilateral development banks to be allocated to adaptation and resilience.
Mr. Guterres underscored the importance of early warning systems and risk-based decision making, adding that one person in three, has no protection. The Climate Adaptation Summit was jointly convened by the UN and the Government of the Netherlands to drum up momentum towards comprehensive adaptation efforts to make the world more resilient to climate change impacts. Due to the coronavirus pandemic, the event was held virtually.
The Secretary-General also called for making budget allocations and investment decisions, climate resilient. The UN chief also urged easier access to public financing, especially for the most vulnerable countries, and expanded debt relief initiatives, noting that least developed countries (LDCs) and small island developing States (SIDS) account for only 14 per cent and 2 per cent of the total climate finance flows, but face most of the risks. In the last decade alone, extreme weather and climate-related hazards claimed over 400,000 lives, the vast majority in low- and lower-middle-income countries, according to the the UN World Meteorological Organization (WMO).
Source: The UN
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