13th November 2024
Adapting lifestyles and infrastructure to cope with the already present aspects of the climate crisis do not come cheaply – although it is definitely (infinitely) cheaper than the cost of making good the damage that would otherwise occur.
Not all countries can afford these essential costs. As a matter of justice and of common human decency we need to count on the world leaders to both agree and – most importantly – to pay their fair contribution to enable all global citizens to be protected.
“Poorer developing nations are struggling to find the money to meet those increasingly urgent challenges, with this week’s Adaptation Gap report putting their annual adaptation needs at $215 billion-$387 billion, against international public funding of about $28 billion in 2022.
Wealthy governments say they’re on track to deliver a goal to double adaptation finance from 2019 levels by 2025, to around $40 billion a year – but that would only reduce the adaptation finance gap by about 5%, the report warned. (1)