India, June 8 -- Countries in the Hindu Kush Himalaya region need $12.07tn in climate finance to meet adaptation and mitigation goals, an ICIMOD report says.

India's climate finance requirement is estimated at $2.69tn, including $2.5tn for adaptation-related interventions.

The region's annual climate finance need stands at $768.68bn, with India requiring $101.92bn a year, according to the report.

China and India together account for more than 92% of the region's total climate finance requirement.

The report warns that actual climate finance disbursements remain far below needs, slowing efforts to protect vulnerable communities, livelihoods and ecosystems.

There's a massive gap between climate ambitions and available funding, as count...