#CanAdapt - Balancing the books on Canadian climate finance

CanAdapt

Climate change is real.

We are already seeing its devastating consequences, particularly in Asia, Africa, the Middle East, Latin America and the Pacific islands.

Without urgent and targeted action, climate change could push an additional 100 million people into extreme poverty by 2030.

Helping the poorest people to withstand and adapt to the effects of climate change is a matter of social justice. It is also a key commitment of the Paris Agreement on Climate Change, under which advanced economies have accepted responsibility for helping developing countries bear the cost of confronting climate change, including through balanced investments in adaptation and mitigation efforts – to help communities withstand the immediate effects of climate change, while also transitioning to greener economic development.

With only about 20 per cent of its international climate change investments in adaptation, Canada can do better.

CARE Canada is calling on the Prime Minister to achieve a 50/50 adaptation/mitigation balance in Canada’s international climate change investments.

WHAT YOU CAN DO

By mobilizing the right kind of support for the right kind of initiatives, adaptation finance can yield multiple benefits: promoting gender equality, development and stability, and reducing the need for costly humanitarian and military interventions.

Canada can support these outcomes by investing in community-based adaptation, climate information services for small-scale farmers, capacity building for farmers to experiment with climate-resilient farming practices. Learn more in Cultivating Equality - Delivering Just and Sustainable Food Systems in a Changing Climate (PDF).

Learn more about CARE's policy around Food Security and Resilience to Climate Change >>


#CanAdapt – Key facts

Adaptation involves efforts to help people withstand the immediate impacts of climate change.

Mitigation encompasses efforts to reduce greenhouse gas emissions and transition to low-carbon economies.

The world’s poorest 1 billion people are responsible for just 4 per cent of global greenhouse gas emissions, yet they absorb up to 80 percent of the costs of climate change. These costs include an increasing risk of food insecurity, loss and damage, compromised livelihoods and instability.

The world’s advanced economies have agreed to help the world’s poorest countries meet the costs of climate change. Under the Paris Agreement on Climate Change, advanced economies have committed to a balanced approach for supporting both adaptation and mitigation efforts. International experts recommend a 50:50 balance between adaptation and mitigation efforts.

Most of Canada’s climate finance is being channelled towards mitigation. In 2015, Prime Minister Justin Trudeau committed $2.65 billion in climate finance to help the most vulnerable countries respond to climate change and adapt to its impacts. Yet some 80 percent of Canada’s climate change finance since that time has gone to mitigation.