Seminar
Adaptation is Life: Scaling up Financing for Adaptation on the Road to COP 30
Climate adaptation is no longer a choice, but rather a vital priority. Alongside efforts to rapidly cut emissions, which must be scaled urgently, climate adaptation is central to national security, economic stability and shared resilience.
Foto: DCA Act Alliance / United Nations Foundation
It protects people and the planet, strengthens local economies, and gives communities the tools to survive and thrive in a rapidly changing climate. We know that financing adaptation pays off — every dollar provided generates more than ten in benefits — saving lives, boosting productivity, and building a safer, healthier world —but much more is needed now to prevent significant losses and damages.
The scaling of adaptation finance is at a critical juncture as countries consider a successor to the Glasgow Pact Adaptation Finance Target which expires in 2025, and develop the Baku to Belem Roadmap, a plan for scaling climate finance to developing countries to meet the goal of at least US$ 1.3 trillion per year by 2035. COP 30 in Brazil will be a crucial milestone in mobilizing the global effort to scale up financing for adaptation and loss and damage for years to come.
This session, which will be held online and in-person on the sidelines of the 80th Session of the UN General Assembly and New York Climate Week will examine the critical importance of adaptation to development, growth, stability and equity, as well as profile several new mechanisms being developed to bring adaptation and loss and damage finance to scale from a variety of public and private sector leaders.
Ultimately this session seeks to reinforce that adaptation is everyone’s business, and that it must be financed, fast and fair.
Co-hosted by: DanChurchAid, Talanoa & United Nations Foundations.
