A river runs high after heavy rains, next to homes which were damaged during previous flooding in kwaNdengezi near Durban, KwaZulu-Natal, in this May 22 2022 file photo. Picture: REUTERS/ROGAN WARD
. In the past, eThekwini municipality was the leading metropole in implementing adaptation plans. Unfortunately, the province has lagged behind in adaptative capacity. the process of adjusting to actual climate and its effects; human intervention may facilitate adjustment to the expected environment.
Estimated adaptation costs in developing countries are five to 10 times greater than current public adaptation finance flows, and the finance gap is widening. Thealso notes that Covid-19 recovery packages put additional pressure on the already constrained fiscal environment, making it difficult for countries such as SA to continue self-funding adaptation.
Suffice to say that the local authorities were less than ready to deal with the emergency that followed. Had the appropriate plans been in place for a timely response we could reasonably have expected a reduction in loss and damage. This was a harsh lesson, and we must be better prepared for a future where extreme weather events will increase.
A loss and damage finance facility can solve this. The resources from such a facility will unlock additional support to build back better and support the adaptation and resilience of communities that were worst affected by climate change.
A loss and damage finance facility should stimulate regions to prioritise more low carbon and climate-resilient interventions. Moreover, building a “new normal” has the potential to generate new jobs and can contribute to the lifting of millions from poverty and unemployment.
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