Rich countries fall far short on climate adaptation funding, UN says
The UN says developed countries provided just $28.2 billion in 2024, far below the $305 billion developing nations need each year by 2035.
- On Wednesday, the 2026 Adaptation Gap Report revealed that developing countries require roughly $305 billion annually by 2035 for climate adaptation, yet rich nations are falling well short of this target.
- Negotiators at last year's Brazil conference agreed to the COP30 Global Mutir—a Portuguese word meaning "collective task"—to triple adaptation support by 2035, yet international public funding remains a fraction of what is needed.
- International public funding reached $28.2 billion in 2024, but even if tripled to $120 billion annually, it would cover only 29 per cent of estimated adaptation needs after inflation.
- UNEP Executive Director Inger Andersen warned that the world is not ready to adapt to current climatic conditions as global temperatures approach the 1.5 degrees Celsius threshold.
- Nations are preparing to meet in Antalya, Turkey, next week for COP31, where negotiators will examine why current financing remains off track to meet pledges made in Baku at COP29.
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Climate adaptation aid must rise tenfold: UN
Developing countries will need US$305 billion a year by 2035 to adapt to a worsening climate crisis, nearly 10 times what they currently receive from wealthy nations, a new UN report said on Wednesday. Climate finance is set to be a hot-button issue again when negotiators from nearly 200 countries gather at the UN's Cop31 climate summit in Antalya, Turkiye, from November 9 to 20. Under UN climate agreements, developed countries, which are histor…
Rich countries fall far short on climate adaptation funding, UN says
Climate goals of the international community threaten to fail. Also financially, the world community is poorly prepared to cope with the consequences of climate change, says the UN.
Nairobi, Nov 4 (EFE).- Developing countries receive just one tenth of the money they need to protect themselves against the effects of climate change, while the planet is moving to exceed the 1.5 degree threshold of warming compared to pre-industrial levels, the UN warned on Wednesday. In its ‘Report on the [...] The UN Entry: Poor countries receive only one tenth of the climate change funds was first published in HolaNews.
The UN's Adaptation Gap Report provides an overview of the financing from the countries of the North to those of the South to help them adapt to the effects of warming. According to the 2026 edition published this Wednesday, November 4, only 30 per cent of the needs, at best, would be met.
Now that it is virtually certain that global warming will not stop at 1.5 degrees, it is becoming increasingly important for countries to adapt to the consequences of climate change. However, the UN Environment Programme (UNEP) warns that the amounts developing countries need to do so are nowhere near being met.
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