2.ADAPTATION GAP REPORT 2020: UNEP
- Recently, the United Nations Environment Programme (UNEP) Adaptation Gap Report 2020 estimated the annual cost of adaptation to the effects of climate change fordeveloping countries to at least quadruple by 2050.
- The current cost for these countries is in the range of USD 70 billion (Rs 5.1 lakhcrore) and may rise to USD 140-300 billion in 2030 and USD 280-500 billion in 2050.
- It includes cost s of planning, preparing for, facilitating and implementing adaptation measures.
- The ever-increasing adaptation cost has also outpaced the growth in adaptation financeand that is the reason for a maintained Adaptation Finance gap.
ADAPTAT ION FINANCE:
It refers to the flow of funds to developing countries to help them tide over the damages caused by weather events from climate change.
ADAPTATION FINANCE GAP:
- It is the difference between Adaptation Costand Adaptation Finance.
- Adaptation costs, in actual terms, is higher in developed countriesbut the burden of adaptation is greater for developing countriesin relation to their gross domestic product.
- The developing countries, especially in Africa and Asia, which are least equipped to tackle climate changewill also be the most impacted by it.
GLOBAL CHALLENGES :
- The world is heading for at least a 3°C temperature risethis century, according to current Paris Agreement Even if welimit global warming to well below 2°C, or even 1.5°C, the poor countries will suffer.
- The Covid-19 pandemichas impacted adaptation efforts but its effect is not yet quantified.
- Last year was not just marked by the pandemic but also by devastating natural calamities like floods, droughts, storms, forest fires andlocust plaguesimpacting around 50 million lives globally.
- Three-quarters of all the countries have adopted at least one climate change adaptation planning instrument and mostdeveloping countries are working on national adaptation plans.
UNITED NATIONS ENVIRONMENT PROGRAMME
The UNEP is a leading global environmental authority established on 5th june 1972.
Functions: It sets the global environmental agenda, promotes the sustainable development within the United Nations system, and serves as an authoritative advocate for global environment protection.
Major Reports: Emission Gap Report, Global Environment Outlook, Frontiers, Invest into Healthy Planet.
Major Campaigns: Beat Pollution, UN75, World Environment Day, Wild for Life.
Headquarters: Nairobi, Kenya.