{"id":49449,"date":"2023-11-08T15:21:26","date_gmt":"2023-11-08T15:21:26","guid":{"rendered":"https:\/\/www.climatechangenews.com\/?p=49449"},"modified":"2023-11-08T15:30:13","modified_gmt":"2023-11-08T15:30:13","slug":"talks-to-boost-underfinanced-climate-adaptation-split-over-money","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2023\/11\/08\/talks-to-boost-underfinanced-climate-adaptation-split-over-money\/","title":{"rendered":"Talks to boost ‘underfinanced’ climate adaptation split over money"},"content":{"rendered":"

As years-long negotiations over boosting global efforts to adapt to climate change enter the final stretch, countries are still divided over targets and the funding to achieve them.<\/strong><\/p>\n

At Cop28 next month, governments are expected to approve a framework to make the Paris Agreement\u2019s global goal on adaptation (GGA) more concrete. The initiative is aimed at enhancing nations\u2019 resilience to extreme weather events, flooding, droughts and sea level rise.<\/p>\n

Adaptation is one of the key priorities of the Paris Agreement, alongside emission reductions. But challenges<\/a> in defining, measuring and funding action on this front have held back progress at the same time as climate risks are accelerating.<\/p>\n

Two years ago, at Cop26, countries agreed to a two-year work programme to fill this gap. Developing countries most affected by climate change hoped this would unlock finance to reduce their vulnerability.<\/p>\n

Widening finance gap<\/h3>\n

Developing countries need an estimated $387 billion a year to carry out their current adaptation plans, but in 2021 they only received $21 billion in international adaptation finance, according to a recent report<\/a> by the UN Environment Programme (UNEP).<\/p>\n