UN urges nations to scale up climate change adaptation to avoid major economic loss
-Governments across the world must significantly scale up climate adaptation measures to avoid major economic damage from global warming, according to a new UN report.
-Nearly 75% of nations have adopted some form of climate adaption. But major gaps remain in financing for developing countries, which are most vulnerable to rising temperatures, the report said.
-Under the Paris Climate Agreement, nations are attempting to keep global warming well below 2 degrees Celsius (3.6 degrees Fahrenheit) compared with preindustrial levels.
Governments across the world must significantly scale up climate adaptation measures to avoid major economic damage from global warming, according to the fifth edition of the UN Environment Programme Adaptation Gap report.
Nations must put half of all global climate financing towards adaptation in the next year in order to avoid the worst impact of climate change, according to the report published on Thursday. In 2020, the hottest year on record, on par with 2016, the world experienced record-breaking hurricanes and wildfires that continue to intensify as temperatures rise.
Such a commitment would include investing in nature-based solutions to mitigate climate change, such as practices like replanting trees on degraded land, sequestering more carbon in soil through agricultural practices and protecting forests through changing logging practices.
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