Each year, the United Nations Environment Programme (UNEP) publishes a number of 100-page documents, with one of them being the Adaptation Gap Report. 📄Here’s what stood out to us.

🚧Adaption is adjusting to the effects of climate change, but current progress is not fast enough to catch up with rising climate change impacts. Progress should be accelerating, but it is slowing down. 💵Estimated costs of adaptation in developing countries for each year of this decade are between US$215 billion and US$387 billion. That’s huge. 🚨And this number is up from previous studies, due to the worsening impacts of climate change.

🏦The cost-friendly solution? Invest in adaptation and mitigation now. The longer we wait, the greater the losses and damages that will add up. 🌊Every one billion we invest in adaptation against coastal flooding now can save US$14 billion in economic damages later on.

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