UNEP IN 2022

As world leaders gathered at the UN Climate Change Conference (COP27) – the global meeting held to increase action on the climate crisis – UNEP released two reports ahead of the negotiations. Both reports informed the Sharm el-Sheikh Implementation Plan adopted by Member States at the end of the conference.

The Emissions Gap Report 2022: The Closing Window found that climate pledges leave the world heading for a global temperature rise of 2.4-2.6°C this century. An urgent system-wide transformation is needed to get on track to 1.5°C. The report outlined how to deliver this transformation in the electricity supply, industry, transport and buildings sectors, and the food and financial systems.

UNEP’s Adaptation Gap Report 2022: Too Little, Too Slow found that financing and implementation of adaptation actions are inadequate. US$160 billion to US$340 billion will be needed per year for adaptation by 2030. In 2020, international adaptation finance flows to developing countries were only US$29 billion.

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