UN report: Funding gap for adaptation much wider than anticipated

Flames: Firefighters battle a blaze on Signal Hill in Cape Town. Wildfires are likely to become frequent. Photo: Rodger Bosch/Getty Images, released on Thursday, found that financing for climate-related disasters has stopped flowing and that there is a gap of about 50% higher than estimated.

More than 30 heads of state will meet to discuss climate change and issues such as the financial burden felt by developing countries at the UN Climate Change Conference, COP28, in Dubai, United Arab Emirates, from 30 November to 12 December.that aims to limit global warming to 1.5°C. The agreement also aims to strengthen countries’ ability to deal with climate change.

“We are saying that just as you have clear targets for reducing emissions, the world must have clear targets for building climate resilience. We are arguing for 50% resilience by 2030 and 90% by 2050,” Creecy said., in Egypt, last year, South Africa’s delegation, together with the African continent, put forward a proposal to include the unique needs and circumstances of the continent on the conference agenda, but this did not enjoy consensus, she said.

A World Meteorological Organisation report in September said that Africa is responsible for less than 10% of global greenhouse gas emissions. But it is the continent which is the least able to cope with the harm caused by climate change. Municipal disaster relief and recovery grants were introduced in 2011 and 2013, respectively, for municipalities to respond to infrastructure damage and to disperse relief funds.

UNEP’s executive director, Inger Andersen, said that in 2023, weather events became more disruptive and deadly. Temperature records toppled, while storms, floods, heatwaves and wildfires caused devastation.

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