The sixth edition of the Adaptation Gap Report: The Gathering Storm was released by the United Nations Environment Programme (UNEP) on November 1, 2021.
- The report finds that there is an urgent need to step up climate adaptation finance. Estimated adaptation costs in developing countries are five to ten times greater than current public adaptation finance flows, and the adaptation finance gap is widening.
The report says:
- Around 79 per cent of all countries have now adopted at least one national-level adaptation planning instrument (for example, a plan, strategy, policy or law). This is an increase of 7 per cent since 2020 (figure ES.1). Furthermore, 9 per cent of countries that do not currently have such an instrument in place are in the process of developing one (no change since 2020). At least 65 per cent of countries have one or more sectoral plans in place and at least 26 per cent have one or more subnational planning instruments.
- The evidence suggests that the adaptation finance gap is larger than indicated in 2020 and widening.
- There is an urgent need to scale up and further increase public adaptation finance both for direct investment and for overcoming barriers to private-sector adaptation.
- The costs of adaptation are likely in the higher end of an estimated $140-300 billion per year by 2030 and $280-500 billion per year by 2050 for developing countries only.
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