Remarks by United Nations Secretary-General António Guterres at the opening of the Climate Adaptation Summit 2021.
The UN Secretary-General on Monday called for urgent scaling up of funds for climate change adaptation and resilience building programmes, so they can offer real and lasting protection against the impact of major events such as droughts, floods and rising sea-levels.
“Adaptation cannot be the neglected half of the climate equation”, Secretary-General António Guterres said at the Climate Adaptation Summit.
The need is all the more pressing in developing countries, which require an estimated $70 billion to meet their adaptation plans. But the figure could reach up to $300 billion in 2030, and $500 billion in 2050, according to the latest edition of UN’s Adaptation Gap report, released earlier this month.
Mr. Guterres called for 50 per cent of the total share of climate finance provided by all developed countries and multilateral development banks to be allocated to adaptation and resilience.
“I urge all donors and multilateral development banks to commit to this goal by COP26 and deliver on it at least by 2024″, he added, referring to the 26th session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC), to be held in November, in Glasgow.
Read More: news.un.org/en/story/2021/01/1082842