$305 billion needed, $28 billion delivered: Developing countries face massive climate adaptation funding gap
India, Nov. 5 -- Developing countries need $305 billion annually for climate adaptation, a figure that could rise to $420 billion by 2035.
Even tripling international public adaptation finance would meet only 20-29% of funding needs by 2035.
International public adaptation finance reached an estimated $28.2-31.7 billion in 2024, far below requirements.
Limited funding and barriers to accessing finance continue to hamper adaptation efforts in vulnerable countries and communities.
Developing countries need an estimated $305 billion annually to adapt to climate change, but even a tripling of international public adaptation finance could meet only 20-29 per cent of their requirements by 2035, according to a new United Nations report.
The...
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