Manila flood. Photo source: ©© VJ Villafranca / Greenpeace
Excerpts;
UNEP’s Adaptation Gap Report: New Finance Required to Avoid Significant Adaptation Funding Shortfall After 2020, Failure to Cut Emissions Will Dramatically Increase Costs.
Even if global greenhouse gas emissions are cut to the level required to keep global temperature rise below 2°C this century, the cost of adapting to climate change in developing countries is likely to reach two to three times the previous estimates of $70-100 billion per year by 2050, according to a new United Nations Environment Programme (UNEP) report.
Released during a crucial round of climate talks in Lima, Peru, the first UNEPAdaptation Gap Report serves as a preliminary assessment of global adaptation gaps in finance, technology and knowledge, and lays out a framework for future work on better defining and bridging these gaps…
