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☆ UN warns of enormous gap in financing for climate adaptation
▼ + stars: | 2023-11-02 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

That’s a more than 50% larger gap than UNEP had estimated in its 2022 report. Esam Omran Al-Fetori/ReutersThe issue — as well as who should pay for the loss and damage created by the climate crisis — is expected to be a key sticking point in climate negotiations at the COP28 talks in Dubai this December. A recent study showed that 55 of the world’s most vulnerable economies have already experienced losses and damages of more than $500 billion in the last two decades from the climate crisis. “If we don’t fund adaptation, we then get ourselves into a situation where we can no longer adapt,” Hinwood said. And for every $16 billion invested in agriculture each year, 78 million people could be alleviated from climate crisis related starvation or chronic hunger.

Persons: Andrea Hinwood, “, Esam Omran, ” Hinwood Organizations: CNN, UN, United Nations Environment, UNEP, “ Locations: Paris, Derna, Libya, Dubai

Debates about its efficacy abound, with the United States, Europe and several environmental groups speaking out about the opportunities and risks. Research has been conducted into other potentially less dangerous SRM technologies, including marine cloud brightening, which involves the spraying of seawater from ships to make clouds more reflective. One group of 60 scientists launched a global initiative last year aimed at persuading governments to ban outdoor solar geoengineering experiments. "Once you've committed to it, you've got to keep doing it," said Laura Wilcox, a climate expert at Britain's University of Exeter. "If you stop, then you're going to see all of that warming that you've missed, essentially on climate timescales overnight.

Persons: Luke Iseman, SO2, Benjamin Sovacool, Andrea Hinwood, you've, Laura Wilcox, David Stanway, Jake Spring, Pravin Organizations: REUTERS, U.S . National Academy of Sciences, Company, Reuters, Harvard University, Swedish Space Corporation, Research, Boston University, SRM, United Nations Environment Program, Britain's University of Exeter, Pravin Char, Thomson Locations: Baja California, Mexico, Handout, United States, Europe, China, England, Africa, Asia

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