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New Global Coalition launched to address impacts of Climate Change
Prime Minister Boris Johnson will launch the Adaptation Action Coalition, a new international coalition to tackle the impacts of climate change.
From:
25 January 2021
Prime Minister Boris Johnson is set to announce a new international coalition to tackle the impacts of climate change.
In a virtual address to the Netherlands-hosted Climate Adaptation Summit, the first ever global summit focused solely on adaptation and resilience, the Prime Minister will launch the Adaptation Action Coalition.
Developed by the UK in partnership with Egypt, Bangladesh, Malawi, the Netherlands, Saint Lucia and the United Nations, this new Coalition will work to turn international political commitments made through the United Nations Call for Action on Adaptation and Resilience into on-the-ground support for vulnerable communities.
Geneva, 25 January 2021 – The International Federation of Red Cross and Red Crescent Societies (IFRC) announced today a major expansion of one of the world’s only means of channeling international funds directly to frontline disaster responders. The announcement of plans to at least double the size of the IFRC’s Disaster Relief Emergency Fund (DREF) […]
Australia will sign up to two international agreements that aim to integrate climate risk into investment decision-making including through pricing risk, Sussan Ley will announce.
A close reading of 112 projects representing 13% of global adaptation finance in 2013-17 found the 25 donor countries collectively overreported the amount supporting climate adaptation by 42%.
Under the UN climate process, the developed world has committed to mobilise $100 billion of climate finance a year by 2020, with a balance between mitigation (carbon-cutting) and adaptation projects. At the last count in 2018, they delivered $16.8 billion in adaptation finance, according to the OECD – but if overreporting levels persisted, the true amount could be less than $10bn, Care said.
“It really shows that rich countries are not as concerned about living up to their climate commitments as they should be,” John Nordbo, report co-author and senior climate advocacy adviser at Care Denmark, told Climate Home News.