The finance gap to fund climate adaptation in low-income countries is at least 50% bigger than previously thought, a new report from the United Nations Environment Programme, or UNEP, has found.
According to the report, the gap — the difference between the adaptation needs of low-income countries and the finance currently available — has grown by hundreds of billions of dollars compared to previous assessments.
While the adaptation finance gap was estimated to be in a range of $140 billion to $300 billion per year in 2016, it now stands between $215 billion and $387 billion per year, the report states.
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About the author
Alessio Perrone
Alessio Perrone is a freelance editor and reporter at Devex. Throughout his career, he has reported on issues at the intersection of policy, environment and human interest for outlets including The Guardian, Scientific American, TIME, and others. He’s based in Milan, Italy.
