Rich nations falling short financially in helping poor countries struggling with climate change, say new calculations
New calculations released today by ActionAid assert rich countries’ financial responsibility for helping poor nations adapt to the climate crisis.
In the report, Mind the Adaptation Gap, the organisation reveals rich countries are falling well short of providing adequate money to help people in poor countries already suffering the harsh impacts of climate change. The report is the first to calculate the actual amount that rich countries should give based on estimates for future global adaptation need, and to compare this to their adaptation finance contributions so far.
Brandon Wu, ActionAid’s Climate Finance Expert, said “This report provides a yardstick to measure whether countries are actually meeting their fair share. Up to now, rich nations have been sitting around plucking numbers out of thin air to pretend to deal with the climate crisis. Meanwhile people in poor countries are already battling its vicious storms. This approach is no longer good enough.”