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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

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    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

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    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

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    New EU legal action over post-Brexit deal changes

    Buyers at Risk Countries in Africa and Asia are among the most reliant on Ukraine grain

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “If we lose territory we lose everything. It’s that simple.” Pic: Confederación de Nacionalidades Indígenas del Ecuador

    Ecuador’s Indigenous peoples: we are protecting our territories

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    Executive director of Nourish Scotland, Pete Ritchie: “If the UK could just get over itself, alignment on sustainable food with the EU would be helpful”

    Scottish food bill: a dram to celebrate the end of the beginning

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

    inflation

    Food inflation is swallowing Latin America’s dietary staples

    Protestors outside UK Parliament with a placard reading, "Keep the protocol, keep the peace."

    New EU legal action over post-Brexit deal changes

    Buyers at Risk Countries in Africa and Asia are among the most reliant on Ukraine grain

    US quietly urges Russia fertiliser deals

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    Mr Justice Linden: “If it contains excess fat, sugar or salt, that product is adverse to a child's health"

    Kellogg’s loses court case over sugary cereal

    Farmer Andy Pimbley examining ripening strawberries inside a polytunnel at Claremont Farm in Bebington on the Wirral © Colin McPherson/FT

    Labour shortfall leading to ‘catastrophic’ food waste

    The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images

    US Supreme Court limits EPA authority

    “If we lose territory we lose everything. It’s that simple.” Pic: Confederación de Nacionalidades Indígenas del Ecuador

    Ecuador’s Indigenous peoples: we are protecting our territories

    “Understanding the emergence of CC398 in European livestock is vitally important for managing the risk it poses to public health”

    Super bug that arose in pigs can jump to humans

    Martin Lines, UK chair for the Nature Friendly Farming Network, says farmers will continue moving away from fertilisers and pesticides

    Fertilisers: going cold turkey in a time of crisis

    European Commission Vice-President Frans Timmermans, European Commissioner for Health and Food Safety Stella Kyriakides, and European Commissioner for the Environment Virginijus Sinkevicius

    EU to halve use of pesticides, heal nature

    Executive director of Nourish Scotland, Pete Ritchie: “If the UK could just get over itself, alignment on sustainable food with the EU would be helpful”

    Scottish food bill: a dram to celebrate the end of the beginning

    trade deals

    WTO strikes global trade deals after ‘roller coaster’ talks

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Home Topics Environment

Better finance needed for climate adaptation

New investment tools would improve financial stability in the face of climate change

by May Davies
January 17, 2021
in Business
Reading Time: 2 mins read
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The world needs to adapt faster to climate change – and financial instruments supporting adaptation must improve significantly.

A new United Nations report says investing US$1.8 trillion in climate adaptation would save $7.1 trillion in the social and environmental consequences of not doing so.

Inger Andersen, Executive Director of UNEP said, “We need a global commitment to put half of all climate finance towards adaptation in the next year.

“This will enable early warning systems, resilient water resources and nature-based solutions – a huge step.”

The UN Environment Programme’s new Adaptation Gap Report says 2020 has been one of the warmest years on record.

Over 50 million people have been directly affected by floods, droughts, or storms. Wildfires raged with greater intensity in Australia, Brazil, Russia and the USA, among other countries. It is more important than ever that countries make progress on adaptation.

What’s urgently needed is investment in early warning systems, improved dryland agriculture, global mangrove protection and resilient water resources.

Since 2006, 400 adaptation projects have been financed by multilateral funds. Earlier projects rarely exceeded $10 million. However, since 2017, 21 new projects have had a value of more than $25 million.

Despite this, there remains limited evidence of climate risk reduction. Providers of development finance are not integrating adaptation well enough across their activities.

“Sustainability investment criteria, climate-related disclosure and mainstreaming climate risks in investment decisions are needed”

The report says that current climate risks and the risks of shifting to a climate-resilient economy are already impacting financial stability, affecting company returns and asset values.

It says new tools are needed, such as sustainability investment criteria, climate-related disclosure principles and mainstreaming climate risks into investment decisions.

Nature-based solutions are vital for helping adapt to climate change – and more investment in these is needed. Nature-based Solutions (NbS) work with nature to improve it.

Across the four major climate and development funds, nature-based solutions have risen over the last two decades, but not enough.

These include the biggest dedicated multilateral climate fund, the Green Climate Fund which has allocated 40 per cent of its total portfolio to adaptation and is increasingly using its clout to attract private investors.

Investment in climate change mitigation projects across the four funds is $94 billion. But only $12 billion of this was spent on nature-based solutions.

Having said that, climate adaptation has now been integrated into climate policy across the world. 72% of countries have at least one national adaptation planning instrument, while a further 9% are in the process of developing one.

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May Davies

May Davies

May Davies is a founding contributor to Quota. She is a freelance writer specialising in food systems delivered by the business and policy sectors. Contact MayDavies@quota.media.

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The government must listen to the voices of food poverty

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