“Climate change is landing blow after blow upon humanity, as we saw throughout 2022: most viscerally in the floods that put much of Pakistan under water,” says Inger Andersen, executive director of the United Nations Environment Program’s 2022 Adaptation Gap Report.
UPI reports Thursday that international financial flows to adapt to climate change are five to 10 times smaller than the levels needed to tackle the impacts of climate change, an analysis found.
“Developed countries” needs for adaptation will amount to up to $340 billion per year by 2030, but today Adaptation Assistance is less than a tenth of that amount,”said the UN secretary general, António Guterresse, in a statement announcing the publication of the report, Too Little, Too Slow: Climate Adaptation Failure Puts the Life on Risk.” It is estimated that the cost of global adjustment will range from $160 billion to $340 billion by 2030, and between $315 billion and $565 billion by 2050.
According to the report, there were disastrous floods in Pakistan last year, heavy summer heat in the Northern Hemisphere, and an extended drought in the Horn of Africa, all with temperatures rising only 1.1 ° C above pre-industrial levels.
According to the Paris agreement – if countries make good on commitments to cut greenhouse gas emissions – global warming will be 2.4-2.6 degrees Celsius by the end of the century.
