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The US$100 billion goal has yet to be met.66 The balance between mitigation and adaptation...
Conclusion
The US$100 billion goal has yet to be met.66 The balance between mitigation and adaptation is also unmet as only 25% of climate finance has been invested in adaptation globally in recent years.67 The United Nations Environment Programme (UNEP) suggests that adaptation already costs low- and middle-income countries an estimated US$70 billion per year and that this is set to rise to US$ 140–300 billion in 2030. At COP21 in Paris (2015), the Parties agreed to set US$100 billion per year as the minimum target from 2020 to 2025.68 UK’s response—UK International Climate Finance (UK ICF)
Source
Committee
International Development Committee
Timeline
Recommendation age
4.6 yrs
Report published
26 Oct 2021