The deal earmarks $50 billion annually to adaptation, but as disasters have multiplied in the years since it was struck, the United Nations says the cost will balloon over the coming years.Out of an estimated $70 billion needed by developing nations each year, only $30 billion is currently available.In its Adaptation Gap report this month, the UN’s Environment Program said the true annual cost of adapting to climate impacts could be as high as $300 billion by 2030 and $500 billion by mid-century.Eight out of the top 10 most affected countries on Monday’s index have low or lower middle income per capita.”Poorer countries are hit hardest because they are more vulnerable to the damaging effects of a hazard and have lower coping capacity,” said co-author Vera Keunzel.She said countries such as Haiti, the Philippines and Pakistan were hit nearly constantly by extreme weather events, leading them no time to fully recover from one disaster before the next strikes.The Climate Adaptation Summit, hosted by the Netherlands, will see countries convene virtually to seek “clear commitments to deliver concrete new endeavors” to help countries deal with the changing climate. But recent research suggests the true amount of funding available to developing countries for climate action is vastly lower.Germanwatch’s Global Climate Index examined the impact of two decades of extreme weather events, particularly the 2019 storm season, which produced hurricanes and cyclones that devastated parts of the Caribbean, east Africa and south Asia.”This shows that poor vulnerable countries face particularly great challenges in dealing with the consequences of extreme weather events,” said co-author David Eckstein. First published on January 25, 2021 / 11:04 AM 480,000 people killed by extreme weather in last 20 years, analysis shows
January 25, 2021 / 11:04 AM
Natural disasters in 2020
Natural disasters in 2020
Almost half a million people have died in natural disasters linked to extreme weather events in the last 20 years, according to a new assessment of the direct threat posed to humanity by climate change. “They urgently need financial and technical assistance.””Poorer countries are hit hardest”Adaptation — reducing the fallout among communities and increasing their capacity to deal with climate-related disasters such as floods and drought — is a pillar of the Paris accord. At the start of the Climate Adaptation Summit, held virtually this year due to the pandemic, the think tank Germanwatch calculated that these disasters have cost the global economy a staggering $2.56 trillion this century.An analysis of more than 11,000 extreme weather events showed nearly 480,000 fatalities since 2000, with Puerto Rico, Myanmar and Haiti the worst hit areas, it said. The mortality burden of climate-related catastrophes such as storms, flooding and heatwaves is overwhelmingly borne by developing countries. A woman places one of the hundreds of shoes in memory of those killed by Hurricane Maria in front of the Puerto Rico Capitol, in San Juan, Friday, June 1, 2018.
Ramon Espinosa / AP
Under the 2015 Paris climate deal, wealthier nations are supposed to provide $100 billion every year to help poorer states mitigate temperature rises and adapt to the changing climate.