As the climate crisis continues to worsen, climate finance remains a fraction of what is needed. The Climate Policy Initiative estimates that $579 billion was spent on average on climate finance in 2017/18. This includes domestic and international investment from both the public and private sectors towards climate mitigation and adaptation actions. Of this amount, only $30 billion—five percent—was allocated for climate adaptation. This amount stands in stark contrast to $180 billion, which the Global Commission on Adaptation estimates is needed every year to build resilience to current and future climate impacts. This catastrophic funding gap is intensifying climate security threats and elevating the vulnerability of people across the world, particularly in coastal urban centers.

“Climate work is practical, common-sense, good development,” said Carrie Thompson, deputy assistant administrator at the Bureau for Economic Growth, Education, and Environment at the U.S. Agency for International Development (USAID). “It’s prevention, and we all know that preventative medicine is the best medicine.”

In December 2015, representatives from 195 nations gathered in Paris for the 21^st Conference of the Parties (COP-21) to the UN Framework Convention on Climate Change. After two weeks of intensive negotiations, countries approved an agreement that charts new territory for global cooperation to address climate change. [Video Below]

It is “not sufficient to look at history for lessons on how we should prepare for and prevent future security risks in a climate change world,” said Swathi Veeravalli, research scientist at the U.S. Army Corps of Engineers’ Geospatial Research Laboratory, at the Wilson Center on January 14. Climate change and the extreme weather events it brings pose an “unprecedented” threat to human security. [Video Below]

The new climate deal coming out of Paris commits governments to hold the rise in average global temperatures to “well below” two degrees Celsius compared to preindustrial levels. An important dimension of this agreement calls for subsequent work on limiting the increase to 1.5 degrees. This is an important win for islands and other low-lying countries, and for humanity.

Global climate trends indicate that our planet will continue warming into the next century, leading to more extreme climate conditions. The Latin America and Caribbean region is vulnerable to some of the most challenging aspects of climate change – sea-level rise, changes in precipitation, glacial melting, spreading of disease, and extreme weather events.