If Durban fails to bring about a new round of targets for cutting emissions, the world may be confronted with additional adaptation challenges.
Climate change funding is supposed to be equally split between mitigation and adaptation measures.
Currently, however, the perception is that it overwhelmingly favors mitigation — just US$250 million has been committed to the UNFCCC’s Adaptation Fund, which was set up at the Bali COP in 2007.
Even if current emission reduction targets are met, climate change adaptation will be required. Already, some countries around the world are facing new climate-related risks.
But if Durban fails to bring about a new round of targets for cutting emissions, the world may be confronted with additional adaptation challenges.
The Global Adaptation Institute
has developed an index
to help guide investment and measure progress in adapting to climate change. The index is based on a Readiness Matrix that illustrates the comparative resilience of countries. It measures their relative vulnerability and the extent to which they are prepared to deal with climatic and environmental changes.
Vulnerability measures a country’s exposure, sensitivity and ability to cope with climate related hazards, as well as accounting for the overall status of food, water, health and infrastructure within the nation. ‘Readiness’ targets those portions of the economy, governance and society that affect the speed and efficiency of absorption and implementation of adaptation projects.
The Readiness Matrix
The Matrix shows a clear link between GDP and the vulnerability of countries to climate change.
Although a number of emerging markets have made progress in enhancing their adaptation capabilities, important gaps remain.
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