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.

At this time of year, in Russia’s far north Laptev Sea, the sun hovers near the horizon during the day, generating little warmth, as the region heads towards months of polar night. By late September or early October, the sea’s shallow waters should be a vast, frozen expanse.

But not this year. For the first time since records have been kept, open water still laps this coastline in late October though snow is already falling there.

Climate change will upend the 21^st century world order. It will redefine how we live and work, and change the systems of production, trade, economics, and finance. Even now, in the midst of a global pandemic, it is clear that climate change will be the defining issue of this century. In fact, COVID-19 has only underscored the inadequacy of our responses to global crises and heightened the urgency of this call to action. 21^st century diplomacy will have to raise climate ambition, shape the transformative systems change needed, and promote and facilitate new modes of multilateral collaboration.

Few places have suffered more from the COVID-19 pandemic than southern China, the region where the novel coronavirus was first detected in the city of Wuhan. But it turned out that the pandemic is not the only calamity to befall south China this year. The region has been inundated by heavy rainfall since late May, creating a risk of catastrophic flooding. While southern China typically sees heavy rainfall in the summer months, state media reported that this year’s precipitation has been roughly 20 percent higher than normal. Other outlets report that flooding has affected over 30 million people across dozens of provinces and resulted in over 120 deaths. 

This year, three pandemics have shaken the fabric of our society, said Les Williams, Co-Founder and Chief Revenue Officer at Risk Cooperative at a recent event co-hosted by the Wilson Center and Stanford Woods Institute for the Environment on building greater resilience for U.S national security. The spread of COVID-19 highlighted the vulnerabilities in our healthcare system. The murder of George Floyd became the tipping point in communicating the risk that Black Americans have been facing for more than 400 years. And a number of natural disasters exposed society’s vulnerability to climate change.

Pakistan ranks eighth on the list of countries most affected by extreme weather events (1998–2017 data), according to the 2019 Global Risk Index. With increasing global temperatures, severe weather and water events, like monsoons and droughts, are likely to become even more frequent and extreme in the future. Since the 1960s, Pakistan has observed changes in temperature and precipitation. By the end of the century, Pakistan’s temperatures are expected to be significantly higher than the global average.