Nu’oman A. A's post

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Nu’oman A. A

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The many stories of adaptation finance are crucial in addressing the challenges of climate change.
Climate #adaptation demands rapid and resilient development alongside targeted interventions. Despite this, adaptation finance falls short of what is required for developing countries.
Furthermore, adaptation finance declined in 2023 compared to previous years, highlighting the urgent need to accelerate funding to combat the climate crisis effectively. It is essential to emphasize that adaptation finance represents only a portion of what is necessary to enhance resilience at all levels.
Country Climate and Development Reports underscore the importance of rapid development, resilient development, and targeted adaptation interventions in reducing vulnerability to climate impacts. While current climate finance figures mainly capture adaptation efforts, a comprehensive approach encompassing all three elements is vital, especially for the most vulnerable countries and communities.

For instance, focusing on more rapid development plays a crucial role in reducing poverty and improving adaptive capacity. Progress in poverty reduction contributes significantly to enhancing resilience and reducing vulnerability to climate-related challenges. Investments in basic infrastructure and social services not only drive development but also bolster resilience, underscoring the interconnectedness of sustainable development and climate adaptation.

It is imperative to broaden the perspective on adaptation finance to encompass the multifaceted aspects of resilience-building and ensure holistic strategies are implemented to address the growing threats posed by climate change effectively.
Consider, next, more resilient development. Not all development patterns deliver the same level of resilience. There are still far too many cities that continue to grow in flood-prone areas, too many infrastructure assets are not built or maintained to the right standards, and rapid development too often now leads to increased water scarcity or loss of the ecosystems that protect population against extreme events.
But here too, there are promising signs of progress as countries and businesses increasingly account for climate risk in investments and business operations, and communities devise plans to build back better after disasters hit. Social protection systems are being more systematically designed to consider their role after disasters, making them better at improving people’s resilience.
Countries and cities are more systematically considering risks in defining their urban plans and developing and upgrading infrastructure. In Japan, for instance, firms participate in business continuity planning to address disaster risks in collaboration with the public sector.

#ClimateChange #ClimateAdaptation #Youth4AdaotationActionDay
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