This 2016 Adaptation Gap Report assesses the difference between the financial costs of adapting to climate change in developing countries and the amount of money actually available to meet these costs – a difference known as the «adaptation finance gap». The report identifies trends and highlights challenges associated with measuring progress towards fulfilling the adaptation finance gap, while informing national and international efforts to advance adaptation.
This Report considers the options for bridging the finance gap. One of the messages emerging from the report is that mitigation is the best first option. Because adaptation is a function of a missed mark for mitigation, it is important that there remains an emphasis on emission reductions. Nevertheless, even if emissions can be cut effectively, a very large adaptation burden will remain and the communities least equipped to bear this burden will face the greatest impacts.
The Report also considers the way in which private financecan help to bridge the adaptation gap. It details four ways governments and business can work together to encourage better integration of adaptation practices, including providing businesses with access to the information and tools they need to integrate adaptation into investment decisions.
Source: UNEP 2016. The Adaptation Finance Gap Report 2016. United Nations Environment Programme (UNEP), Nairobi, Kenya