From the floods that have swept through Spain to typhoons battering the Philippines, extreme weather is hitting the world hard – but even after years of warnings about the need to adapt to the perils of a hotter world, vulnerable countries and communities are unlikely to get much immediate help from the COP29 climate summit, officials told Climate Home.
There’s a “great paradox” in evidence at the UN summit in Azerbaijan between leaders’ speeches urgently calling to keep people safe from worsening climate change impacts – and the apparent lack of money available to do that, Mikko Ollikainen, the head of the Adaptation Fund, said in an interview.
The UN fund – which has been at the cutting edge of efforts to build resilience to extreme weather and rising seas for the last 15 years – only managed to secure contributions of around $61 million from donor countries at a fundraising event on Thursday, against its annual goal of $300 million.
This despite exhortations from UN Secretary-General Antonio Guterres and the UN climate chief Simon Stiell at the start of COP29 for rich countries to fill the huge gap in adaptation funding, which could reach $187 billion-$359 billion a year by 2030.
“These missing dollars are not abstractions on a balance sheet: they are lives taken, harvests lost, and development denied,” said Guterres.
While there’s still time for more governments to come forward with new financial pledges before the end of COP29, Ollikainen said mid-way through the talks that “this year the situation looks quite difficult”.
“Contributor governments [are] almost all talking about the importance of adaptation – and quite a few of them are recognising the need for grant-based financing for adaptation especially – so it’s puzzling how that relates to the reality of there not being new pledges to the Adaptation Fund or adaptation funds in general,” he told Climate Home on the sidelines of the COP.
The reason for donor governments’ reluctance to make fresh pledges is unclear, but they may be waiting to see the outcome of the tough negotiations on a new climate finance goal (called the NCQG) at COP29 before deciding on where to put their cash.
Projects backed by the Adaptation Fund range from helping smallholder farmers protect their harvests from droughts and floods, to reducing the effects of hotter and higher seas on coastal villages, and making schools stronger against disasters, across Africa, Asia and Latin America.
At last year’s climate conference in Dubai, the Adaptation Fund also fell short of the same target – bringing in around $188 million. But there, wealthy governments had an excuse: they were also asked to dig deep to get the fledgling Fund for Responding to Loss and Damage (FRLD) fund up and running, which they did to the tune of nearly $700 million.
This year, however, they can’t hide behind the FRLD, as new money for that at COP29 has so far amounted to little more than an $18.4 million pledge from Sweden. Stockholm has also stumped up around $763 million for the Green Climate Fund and $12 million for the Adaptation Fund.
This week, overall, the Adaptation Fund has received pledges from ten European countries and regions, with flood-hit Spain offering the most ($19 million). The UK and the European Union are so far no-shows, though Germany has said it plans to contribute.
To make matters worse, the Least Developed Countries (LDC) Fund – also set up under the UN climate talks to help vulnerable countries adapt to climate change – has had to suspend a planned pledging event at CO29 after it “didn’t get very good signals” money would be forthcoming, the chair of the LDC Group, Evans Njewa of Malawi, told Climate Home on Friday.
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Rich countries said this month that they are on track to double their finance to help developing nations adapt to climate change by 2025 to at least $40 billion a year – but the UN’s Adaptation Gap report shows that even meeting this goal would cover just a tiny fraction of what poorer countries need to become more resilient to extreme weather and rising seas.
And with less money being promised to his fund so far this year, Ollikainen said “the direction is quite wrong” as needs increase. The Adaptation Fund has a long pipeline of projects – but if donors don’t cough up more it will run out of money, he added. It is set to receive income from a 5% levy on sales of offsets in the new UN carbon market, but that may not start until 2026, he noted.
Samoan minister Cedric Schuster, who chairs the Alliance of Small Island States (AOSIS), told Climate Home he remains hopeful more money will come through for vulnerable countries at COP29 – and that the new climate finance goal due to be agreed in Baku will ensure contributions in the future.
“We can’t do anything if there are no pledges,” he said.
(Reporting by Megan Rowling; editing by Sebastian Rodriguez)
The post Adaptation Fund head laments “puzzling” lack of pledges at COP29 appeared first on Climate Home News.
Adaptation Fund head laments “puzzling” lack of pledges at COP29
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Picture an American farm in your mind.
I fell flat on my backside one afternoon this January and, weirdly, it made me think of you. Okay, I know that takes a bit of unpacking—so let me go back and start at the beginning.
For the last six years, our family has joined with half a dozen others to spend a week or so up at Wangat Lodge, located on a 50-acre subtropical rainforest property around three hours north of Sydney. The accommodation is pretty basic, with no wifi coverage—so time in Wangat really revolves around the bush. You live by the rhythm of the sun and the rain, with the days punctuated by swimming in the river and walking through the forest.
An intrinsic part of Wangat is Dan, the owner and custodian of the place, and the guide on our walks. He talks about time, place, and care with great enthusiasm, but always tenderly and never with sanctimony. “There is no such thing as ‘the same walk’”, is one of Dan’s refrains, because the way he sees it “every day, there is change in the world around you” of plants, animals, water and weather. Dan speaks of Wangat with such evident love, but not covetousness; it is a lightness which includes gentle consciousness that his own obligations arise only because of the historic dispossession of others. He inspires because of how he is.
One of the highlights this year was a river walk with Dan, during which we paddled or waded through most of the route, with only occasional scrambles up the bank. Sometimes the only sensible option is to swim. Among the life around us, we notice large numbers of tadpoles in the water, which is clean enough to drink. Our own tadpoles, the kids in the group, delight in the expedition. I overhear one of the youngest children declaring that she’s having ‘one of the best days ever’. Dan looks content. Part of his mission is to reintroduce children to nature, so that the soles of their feet may learn from the uneven ground, and their muscles from the cool of the water.
These moments are for thankfulness in the life that lives.
It is at the very end of the walk when I overbalance and fall on my arse—and am reminded of the eternal truth that rocks are hard. As I gingerly get up, my youngest daughter looks at me, caught between amusement and concern, and asks me if I’m okay.
I have to think before answering, because yes, physically I’m fine. But I feel too, an underlying sense of discomfort; it is that omnipresent pressure of existential awareness about the scale of suffering and ecological damage now at large in the world, made so much more immediately acute after Bondi; the dissonance that such horrors can somehow exist simultaneously with this small group being alive and happy in this place, on this earth-kissed afternoon.
How is it okay, to be “okay”? What is it to live with conscience in Wangat? Those of us who still have access to time, space, safety and high levels of volition on this planet carry this duality all the time, as our gift and obligation. It is not an easy thing to make sense of; but for me, it speaks to the question of ‘why Greenpeace’? Because the moral and strategic mission-focus of campaigning provides a principled basis for how each of us can bridge that interminable gulf.
The essence of campaigning is to make the world’s state of crisis legible and actionable, by isolating systemic threats to which we can rise and respond credibly, with resources allocated to activity in accordance with strategy. To be part of Greenpeace, whether as an activist, volunteer supporter or staff member, is to find a home for your worries for the world in confidence and faith that together we have the power to do something about it. Together we meet the confusion of the moment with the light of shared purpose and the confidence of direction.
So, it was as I was getting back up again from my tumble and considering my daughter’s question that I thought of you—with gratitude, and with love–-because we cross this bridge all the time, together, everyday; to face the present and the future.
‘Yes, my love’, I say to my daughter, smiling as I get to my feet, “I’m okay”. And I close my eyes and think of a world in which the fires are out, and everywhere, all tadpoles have the conditions of flourishing to be able to grow peacefully into frogs.
Thank you for being a part of Greenpeace.
With love,
David
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