Climate Facts: Adaptation finance to developing nations insufficient, says UNEP

The complexities of climate change and its associated jargon can prove difficult to digest.

TheCable’s quick climate facts will help demystify these concepts through easy-to-understand and straight-to-the-point explanations.

Here are some to keep at the tip of your fingers:

• The European Union’s Copernicus Climate Change Service (C3S) says 2024 is on course to become the warmest year on record.

• The organisation said October 2024 was the second warmest October globally after October 2023, with an average ERA5 surface air temperature of 15.25°C, which was 0.80°C above the 1991-2020 average for October.    

• The United Nations Environment Programme (UNEP) says adaptation financing would not close the gap between needs and flows of developing countries at the current rate. 

• UNEP said although there is slight increase in finance flow from US$22 billion in 2021 to US$28 billion in 2022 — the largest relative year-on-year increase since the Paris Agreement — developed nations must double adaptation finance to the global south from US$19 billion (2019 levels) by 2025.