Even as the world looks to step up efforts to cut greenhouse gas emissions, the need to adapt to the impacts of climate change already locked in are just as important. The sixth edition of the UNEP Adaptation Gap Report: The Gathering Storm looks at how the world is doing in adapting to these intensifying impacts.
Resource Theme: Investment & Financing
Climate Change 2022: Impacts, Adaptation and Vulnerability
The Working Group II contribution to the IPCC Sixth Assessment Report assesses the impacts of climate change, looking at ecosystems, biodiversity, and human communities at global and regional levels. It also reviews vulnerabilities and the capacities and limits of the natural world and human societies to adapt to climate change.
Climate Risk and Financial Institutions. Challenges and Opportunities
This report demonstrates that climate change and its impacts are likely to alter a number of conditions that are material to the objectives of financial institutions. If changing conditions are not actively managed, investments and institutions may underperform. Most investments will be channeled through financial institutions. Given that the main effects of climate change are now well established, there is a considerable opportunity, as well as a responsibility, for these institutions to take a leading role in adaptation to climate change. Institutions managing investments in long-lived assets have both a direct financial risk to consider and the opportunity to create value by working proactively with their clients and other stakeholders to take steps to manage the risks. Going forward, International Finance Corporation (IFC) will initiate the development of more general tools addressing climate risks and investments.
ENABLING PRIVATE INVESTMENT IN CLIMATE ADAPTATION & RESILIENCE
This report identifies ways to overcome key barriers to private sector investment in adaptation and resilience, laying out a coordinated and data-driven Blueprint for Action to help governments and their development partners to close the adaptation finance gap. Although climate adaptation finance flows have increased by 35% in recent years, they still fall short of what is needed to avoid severe economic and human impacts from climate change. The urgent need for boosting investment in climate adaptation and resilience cannot be overstated. The blueprint provides five entry points to enable private investment. The Blueprint for action we propose in the report represents a novel coordinated framework for action for governments to develop, finance, and implement priority adaptation and resilience investments – driven by countries’ goals and national investment plans that can help accelerate and scale up investment to address the climate resilience needs of the world’s most climate-vulnerable communities and economies.
Recycling and Reuse of Treated Wastewater in Urban India
The document focuses on identifying the economic, financial and environmental benefits of wastewater recycling from the perspective of public spending. Also provides information on the evolution and current practices of wastewater recycling internationally and the international and national regulatory and policy frameworks that guide wastewater recycling. It presents possible strategies for city and state planners and policy makers to initiate the discourse on wastewater recycling and reuse.
The Roadmap to a Low-Carbon Urban Water Utility
An international guide to the WaCCliM approach
The Roadmap to a Low-Carbon Urban Water Utility presents utility managers with an approach to address their most pressing challenges, while reducing carbon emissions through
measures that either have a return on investment through energy or water savings, or that correspond to planned investments as part of the asset management plan to maintain or improve their services. Utilities adopting this approach are contributing to a carbon-neutral future, by instigating a change of mind-set, not only in urban water management but also by inspiring all other urban services through sharing the risks and the urgency to act to avoid aggravated impacts of climate change, of which water utilities are among the first victims: water scarcity, flooding and deteriorated water quality