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Climate Funding Fall Shows Action 'Stalling' As Needs Grows: UN

  • International funding for climate resilience in developing countries fell by 15% in 2021, despite increasing impacts and the need for protection. This drop is concerning, especially since wealthy nations pledged to double adaptation funding by 2025.
  • Developing countries are among the most affected by climate change, even though they contribute less to global warming. These countries need an estimated annual funding of about �365 billion to adapt to climate impacts.
  • The failure to meet funding targets has damaged trust in international climate negotiations, and the gap between available funding and needs remains significant, even if wealthy governments fulfill their promise to increase funding.
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  • 40% of the sources are Center
40% Center
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Deutsche Welle broke the news in Bonn, Germany on Thursday, November 2, 2023.
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