Climate change adaptation is a critical response to the challenges posed by climate change and is important for building resilience. Progress in adaptation efforts has been made globally, nationally, and locally through international agreements, national plans, and community-based initiatives. However, significant gaps exist in knowledge, capacity, and finance. The Adaptation Gap Report 2023, published by the United Nations Environment Programme (UNEP), examines the status of climate change adaptation efforts globally. The report highlights the widening adaptation finance gap and the deepening climate crisis. We analyse the key themes of the report and incorporate an analysis of the wider literature and insights from COP28 to substantiate key points and identify gaps where more work is needed to develop an understanding of climate change adaptation. This paper focuses on the underfinanced and underprepared state of global climate change adaptation efforts, the widening adaptation finance gap, slow progress in adaptation, gender equality and social inclusion issues, and challenges in addressing loss and damage. We provide a way forward for climate change adaptation and offer recommendations for future actions.