International ReportsSkim2024-11-07

UNEP Releases Adaptation Gap Report 2024

What Happened

The United Nations Environment Programme (UNEP) released the Adaptation Gap Report 2024 titled 'Come hell and high water' ahead of COP29. The report highlights that developing nations need approximately USD 387 billion annually for climate adaptation, yet current international finance flows remain significantly lower than required.

Why It Matters

For India, this underscores the urgent need for enhanced global climate finance to mitigate domestic risks like extreme weather and rising sea levels while pressuring developed nations to meet their funding commitments.

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