Q. Which institution released the ‘2023 Adaptation Gap Report’?
Answer:
UNEP
Notes: In 2021, climate adaptation funding from public multilateral entities (such as the World Bank) and bilateral sources (from developed to developing nations) experienced a 15% decrease, as revealed in the 2023 Adaptation Gap Report by the United Nations Environment Programme (UNEP).
This decline occurred despite the commitments made at the 26th Conference of Parties to the United Nations Framework Convention on Climate Change. These commitments aimed to double the support for adaptation finance from 2019 levels, targeting an annual sum of approximately $40 billion by 2025.