Coherent Identifier About this item: 20.500.12592/zm54b0

What does COP26 mean for adaptation?

17 November 2021

Summary

As the UN Climate Change Conference of the Parties (COP26) came to a close, news agencies and bloggers ploughed through the Glasgow Climate Pact to make sense of the commitments made to reducing greenhouse gas emissions. But largely lost among the hot takes is what experts say is equally important: Glasgow included key pledges that will help the world adapt to climate change. New funding, new pledges Finance for adaptation is always a major point of discussion at COP. Back in 2009, developed nations agreed to provide US $100 billion per year to help developing countries mitigate and adapt to climate change, however, this target has not been met, reaching only US $80 billion in 2019. The Secretary-General of the United Nations, António Guterres has said that 50 per cent of overall climate finance must be committed to adaptation, but only around 25 per cent of this US $80 billion was allotted as such.

Tags

climate finance adaptation global environment facility climate action nature action