Fiji, Nov. 5 -- Although global warming is set to exceed 1.5degC, financing to help communities adapt to climate change falls far short of needs, the UN Environment Programme (UNEP) said in a report published on Wednesday.

The 2026 Adaptation Gap Report finds that developing countries will require roughly US$305 billion annually by 2035 to build resilience and reduce risks.

Yet even if international public adaptation finance triples only a maximum of 29 percent of needs will be covered.

"The world is not ready to adapt to current climactic conditions, never mind what overshoot of 1.5degC will bring," warned Inger Andersen, the UNEP Executive Director.

The report was released ahead of the COP31 conference, which opens next week in Anta...