Tuesday, April 1, 2014

IPCC climate report warns of “growing adaptation deficit”

Carey L. Biron in IPS: The latest update of the world’s scientific consensus on climate change finds not only that impacts are already being felt on every continent, but also that adaptation investments are dangerously lagging.

These investments constitute both a key demand by developing countries and a key pledge by the West. Nonetheless, the latest report by the Intergovernmental Panel on Climate Change (IPCC), released on Monday in Japan, warns that these shortfalls are growing.

“Global adaptation cost estimates are substantially greater than current adaptation funding and investment, particularly in developing countries, suggesting a funding gap and a growing adaptation deficit,” the report states.

 “Comparison of the global cost estimates with the current level of adaptation funding shows the projected global needs to be orders of magnitude greater than current investment levels particularly in developing countries.”

Further, the report underscores that adaptation shortfalls, as with the broader impacts of climate change, would most significantly affect communities that are discriminated against, particularly in developing economies....

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