Looking ahead to the $100bn goal, Kowalzig expressed cautious optimism. Efforts to help vulnerable countries adapt to the impacts of climate change received just 19% of the climate finance mobilised in 2017 and remain under-funded compared to attempts to reduce emissions, according to analysis by the Organisation of Economic Cooperation and Development (OECD), which represents 36 of the world’s most developed countries. The OECD said that while it was “encouraging” progress had been made on adaptation efforts, there were still many challenges facing developing countries, including a lack of financial resources for adaptation, poor coordination between national governments The OECD report was released just days after the Global Commission on Adaptation warned that unless adaptation preparations were stepped up, agriculture yields could fall by almost a third by 2050.
Efforts to help vulnerable countries adapt to the impacts of climate change received just 19% of the climate finance mobilised in 2017 and remain under-funded compared to attempts to reduce emissions, according to analysis by the Organisation of Economic Cooperation and Development (OECD), which represents 36 of the world’s most developed countries. The OECD said that while it was “encouraging” progress had been made on adaptation efforts, there were still many challenges facing developing countries, including a lack of financial resources for adaptation, poor coordination between national governments The OECD report was released just days after the Global Commission on Adaptation warned that unless adaptation preparations were stepped up, agriculture yields could fall by almost a third by 2050.