UN Report Flags Big Gap in Climate Adaptation Funding
Developing nations need about $305 billion a year by 2035 for climate adaptation, but rich countries' pledges could reach only $85-120 billion a year. Current funding is around $28.2-31.7 billion, a UN report finds ahead of COP31.
Context
Adaptation means protecting communities from climate impacts such as floods, heat and drought. COP31 is the next UN climate summit, and the funding gap is central to debates over who pays for these protections.
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