Adaptation Gap report 2023

• The Adaptation Gap Report is an annual publication from United Nations Environment Programme (UNEP), released just ahead of the year-ending climate change conference, and presents the global situation of adaptation to climate change.
  • It has been published each year since 2014 by the UNEP.
• This year’s report focuses on adaptation finance, or the availability of money to carry out the adaptation projects.

MAJOR FINDINGS

• Climate adaptation finance flows from public multilateral (like the World Bank) and bilateral sources (from a developed to a developing nation) declined by 15 per cent to around $21 billion in 2021.
• Domestic budgets seem to be the largest source of funding for adaptation in many developing countries shelling out between 0.2 per cent to over 5 per cent of their government budgets.
• 85% of countries have at least one national-level adaptation planning instrument such as a policy, strategy, or plan in place to cope with climate change.
• Current global adaptation finance gap (difference between needs and actual financial flows) is $194-366 billion per year.
• The finance needs of developing countries are now 10-18 times as big as international public finance flows.
• Only 2% of gender-tagged international adaptation finance is gender-responsive.

ABOUT UNEP

• The UNEP is a leading global environmental authority.
• It was founded in 1972 following UN Conference on the Human Environment.
• 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.
• Objective– To contribute to the building of a culture of peace, the eradication of poverty, sustainable development, and intercultural dialogue through education, the sciences, culture, communication, and information.
• Headquarters- Nairobi, Kenya.
• Major initiatives- Beat Pollution, UN75, World Environment Day, Wild for Life.
• Major Reports– Emission Gap Report, Adaptation Gap Report, Global Environment Outlook, Frontiers, Invest into Healthy Planet.