AS THE world gets set to meet in Dubai for the 28th Conference of the Parties to the UN Framework Convention on Climate Change, there is hope for progress in mobilising finance for climate action. At a preparatory event for the upcoming UN climate conference (cop28) held in October, cop28 President Sultan Ahmed Al Jaber called for efforts to double adaptation finance to US $40 billion by 2025, as planned at cop26 two years ago. But even if the world achieves this goal, it would only close the adaptation financing gap by 5-10 per cent, suggests a new report by the UN Environment Programme (unep).
Adaptation gap—the difference between estimated financing needs for adapting to climate change and actual finance flows—is growing even as climate change wreaks havoc, says unep’s “Adaptation Gap Report 2023”, released on November 2. Developing countries need $215 billion to $387 billion for adaptation every year, which is 1018 times as high as current fund flows of $21.3 billion (as of 2021), says the report. In other words, adaptation gap is between $194 billion and $366 billion per year.
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Trade On Emissions
EU's Carbon Border Adjustment Mechanism, a tariff on imports, is designed to protect European industries in the guise of climate action.
'The project will facilitate physical and cultural decimation of indigenous people'
The Great Nicobar Project has all the hallmarks of a disaster-seismic, ecological, human. Why did it get the go-ahead?
TASTE IT RED
Popularity of Karnataka's red jackfruit shows how biodiversity can be conserved by ensuring that communities benefit from it
MANY MYTHS OF CHIPKO
Misconceptions about the Chipko movement have overshadowed its true objectives.
The politics and economics of mpox
Africa's mpox epidemic stems from delayed responses, neglect of its health risks and the stark vaccine apartheid
Emerging risks
Even as the world gets set to eliminate substances threatening the ozone layer, climate change and space advancement pose new challenges.
JOINING THE CARBON CLUB
India's carbon market will soon be a reality, but will it fulfil its aim of reducing emissions? A report by PARTH KUMAR and MANAS AGRAWAL
Turn a new leaf
Scientists join hands to predict climate future of India's tropical forests
Festering troubles
The Democratic Republic of Congo struggles to contain mpox amid vaccine delays, conflict and fragile healthcare.
India sees unusual monsoon patterns
THE 2024 southwest monsoon has, between June 1 and September 1, led to excess rainfall in western and southern states such as Gujarat, Maharashtra and Tamil Nadu, while others like Nagaland, Manipur and Punjab recorded a deficit.
