{"id":32011,"date":"2024-11-11T18:17:20","date_gmt":"2024-11-11T12:47:20","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=32011"},"modified":"2024-11-11T18:17:21","modified_gmt":"2024-11-11T12:47:21","slug":"adaptation-gap-report-2024","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/11-11-2024\/adaptation-gap-report-2024","title":{"rendered":"Adaptation Gap Report 2024"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/ Environment<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>&#8220;Adaptation Gap Report 2024: Come Hell and High Water&#8221;<\/strong> was released by the United Nations Environment Programme.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Adaptation Gap Report (AGR)\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is an <strong>annual publication<\/strong> by the United Nations Environment Programme (UNEP).<\/li>\n\n\n\n<li><strong>Its purpose <\/strong>is to assess global progress on climate change adaptation, i.e. the efforts made by countries to adjust and prepare for current and future climate impacts.\u00a0<\/li>\n\n\n\n<li><strong>Adaptation gap<\/strong> refers to the difference between the actual adaptation efforts being implemented and the adaptation needs required to mitigate the risks posed by climate change.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Highlights<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Adaptation Finance Gap:<\/strong> Although international public adaptation finance for developing countries increased to<strong> $28 billion in 2022, <\/strong>the overall gap remains substantial.\n<ul class=\"wp-block-list\">\n<li>Even doubling adaptation finance from 2019 levels, as targeted by 2025 under the<strong> Glasgow Climate Pact<\/strong>, would only reduce the finance gap by about 5%.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Adaptation Planning and Implementation:<\/strong> 87% of countries now have at least one national adaptation planning instrument. Of these, 51 per cent have a second, and 20 per cent have a third.\n<ul class=\"wp-block-list\">\n<li>Aligning <strong>National Adaptation Plans (NAPs) <\/strong>and <strong>Nationally Determined Contributions (NDCs)<\/strong> is crucial for strategic implementation.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>UAE Framework for Global Climate Resilience (FGCR):<\/strong> Progress towards UAE FGCR targets, agreed at COP 28, is mixed, with thematic areas like poverty reduction and cultural heritage protection needing more focus.\n<ul class=\"wp-block-list\">\n<li>Many NAPs reference UAE FGCR targets but lack comprehensive data and planning for all sectors.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Capacity-Building and Technology Transfer:<\/strong> Enhancing capacity and technology transfer in developing countries is vital but currently lacks effectiveness due to uncoordinated, short-term efforts.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Challenges in bridging the Finance Gap<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Complexity of Financing Instruments: <\/strong>The adaptation finance landscape includes resilience bonds, debt-for-adaptation swaps, and performance-based climate grants.\n<ul class=\"wp-block-list\">\n<li>Implementing these instruments effectively requires strong institutional capacity, which is lacking in developing nations.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Policy Barriers:<\/strong> An absence of robust enabling policies, such as climate risk disclosure frameworks and adaptation taxonomies, hinders private sector engagement.<\/li>\n\n\n\n<li><strong>High Dependence on Public Finance: <\/strong>The report highlights the limited involvement of the private sector, which could contribute more, especially in sectors where there are revenue-generating opportunities.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Policy Recommendations<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Adaptation efforts must <strong>prioritize fairness and equity <\/strong>to avoid exacerbating existing inequalities, especially concerning gender and disadvantaged communities.<\/li>\n\n\n\n<li>The principle of &#8220;<strong>common but differentiated responsibilities<\/strong>&#8221; should be reinforced in climate finance discussions.<\/li>\n\n\n\n<li>Implement holistic approaches that cover <strong>adaptation finance, capacity-building, and technology transfer <\/strong>as part of an integrated development strategy.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>India\u2019s Nationally Determined Contribution (NDCs) Goals<\/strong><br>&#8211; India seeks to achieve following targets by <strong>2030;<\/strong><br>1. <strong>Emission Reduction: <\/strong>India aims to reduce the emissions intensity of its GDP by 45% by 2030, compared to 2005 levels.<br>2. <strong>Renewable Energy:<\/strong> The country seeks to achieve 50% of its energy needs from non-fossil fuel sources by 2030, with a target of installing 500 GW of renewable energy capacity.<br>3. <strong>Carbon Sink:<\/strong> India plans to create an additional carbon sink of 2.5 to 3 billion tonnes of CO2 equivalent through afforestation and reforestation efforts.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.unep.org\/resources\/adaptation-gap-report-2024\" target=\"_blank\" rel=\"noopener\"><strong>UNEP<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The &#8220;Adaptation Gap Report 2024: Come Hell and High Water&#8221; was released by the United Nations Environment Programme.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32011","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/32011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=32011"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/32011\/revisions"}],"predecessor-version":[{"id":32013,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/32011\/revisions\/32013"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=32011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=32011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=32011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}