How do you know when a small-scale farmer in Africa, Latin America or Asia has sufficiently adapted to longer droughts or shifts in traditional monsoon seasons?
The complexity of this question means it is often left unanswered, with funding for such adaptation in developing countries dropping to around just a quarter of total climate finance provided by developed countries.
Delegates gathering at the Bonn Climate Change Conference to prepare for this year’s UN climate talks will be anticipating such questions, with COP29 already dubbed the “finance COP”.
In Baku, Azerbaijan, later this year, countries are expected to discuss a new climate finance deal after reaching the target of $100 billion (€93.2bn) a year in finance for developing countries two years later than agreed.
Historically low-emitting countries across much of the Global South desperately need more financial support to improve their climate defences across key sectors such as agriculture.
Less than 1% of international climate finance was spent helping smallholder farmers adapt to climate change in 2021, with many forced to spend up to 40% of their own incomes to cope with floods, droughts and crop pests.
However, in addition to more finance, countries across Africa, Asia,
and Latin America also need ways of measuring adaptation to direct
investments more effectively....<<<Read More>>>...
