4.7 • 219 Ratings
🗓️ 11 December 2023
⏱️ 30 minutes
🧾️ Download transcript
Four billion people live in countries where climate change-related disasters are becoming more severe and frequent. Spending money to adapt, known as “climate adaptation finance” is a fraught topic. Who will pay for those adaptations and how, as well as a global goal on adaptation are all being discussed at COP28. To find out more, Akshat speaks with Patrick Verkooijen, head of the Global Center on Adaptation about the history of climate adaptation finance, what negotiations are taking place, and why the money promised still hasn’t arrived.
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| 0:00.0 | Welcome to Zero. I am Akshutrati. Today, funding, flooding and floating. |
| 0:20.5 | Three years after the Paris Agreement was signed, then United Nations chief, Ban Ki-moon, |
| 0:25.6 | saw there was progress on commitments to cut emissions, but almost none on adapting to climate impacts. |
| 0:32.6 | Today, close to 4 billion people live in environments that are highly vulnerable to climate change. |
| 0:38.6 | And so, Bunky Moon, alongside other world leaders, created the Global Commission on Adaptation |
| 0:44.8 | to promote solutions and figure out how much it might cost. |
| 0:49.3 | The answer is around $2 trillion by 2030. |
| 0:55.0 | It's hard to move that kind of money without a big plan. |
| 0:59.0 | So after they had the figure, |
| 1:01.0 | Ban Ki-moon and his colleagues created another initiative, |
| 1:04.0 | the Global Center for Adaptation, |
| 1:06.0 | to act as a Solutions Broker |
| 1:08.0 | and to figure out how to finance adaptation projects. |
| 1:11.6 | Now, I've said the word adaptation a lot, but what does it mean? |
| 1:16.6 | If you talk about climate adaptation, people really get very tired very quickly because it's very abstract. |
| 1:22.6 | But it's also, it's about people. It's about a small hall of farmer using drought tolerant crops. |
| 1:27.7 | It is about a mother in, let's say, Bangladesh, |
| 1:30.9 | taking her family to a cyclone shelter. |
| 1:32.7 | It's very concrete stuff. |
| 1:35.6 | This is Patrick Furkuyan, the head of the Global Center |
| 1:38.8 | for Adaptation and my guest today. |
| 1:41.9 | While climate adaptation might seem vague, it is easy to visualize. |
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