The 2016 UNEP Adaptation Finance Gap Report predicts that, by 2030, adaptation costs will be 3 times greater than current predictions, reaching US$140-300 billion annually, with the potential to be 5 times greater by 2050. Yet, adaptation finance delivered to developing countries in 2014 was a mere $22.5 billion, including the full face value of loans made at market rates. Even with a very generous calculation, current adaptation finance provides only 10% of the amount needed. The specifics of a finance roadmap must be agreed in Marrakech. This is only one part of the picture. Numbers from the UNEP report … Continue reading The Next Big Thing: Loss and Damage Finance