In 2014 the United Nations Environment Programme (UNEP) published its first global Adaptation Gap Report (AGR 2014) (UNEP, 2014), which put forward a preliminary framework for assessing adaptation gaps along with an initial assessment in three selected areas: finance, technology and knowledge. Further to the positive reception of this report, several countries requested UNEP to produce follow up reports focusing on specific adaptation gaps. In response to these requests, UNEP has commissioned a new report with a special focus on finance gaps and options to bridge them. The report will be published in the spring of 2016.
The "Adaptation Finance Gap Update" has been produced to inform the 21st session of the Conference of the Parties (COP 21) to the United Nations Framework Convention on Climate Change (UNFCCC) and will be released at COP Side Event Saturday December 5th at 13:15 in the Blue Zone.
This update brings together key findings on adaptation costs and finance from AGR 2014 and preliminary findings from the 2016 assessment. Furthermore, it draws on insights related to adaptation costs and related finance needs as stated in the adaptation components in the Intended Nationally Determined Contributions (INDCs) – the post-2020 climate actions that countries intend to undertake following a new global agreement on climate change.