World / Other
UNEP warns adaptation finance falls short of projected needs
Developing countries will need an estimated $305 billion a year for climate adaptation by 2035, the United Nations said Nov. 4, citing UNEP’s new Adaptation Gap Report.
Source-checked brief: attributed UN primary-source account; no on-location reporting.
Global efforts to prepare for worsening climate impacts are falling dangerously short, the UN Environment Programme said in its Adaptation Gap Report released Nov. 4.
Developing countries will need an estimated $305 billion a year for adaptation by 2035, according to the report as summarized by UN spokesman Stéphane Dujarric. Even meeting the COP30 aspiration to triple international public adaptation finance would cover only 20% to 29% of those needs, the report found.
The report warns that the shortfall comes as global warming is set to exceed 1.5 degrees Celsius. In a message on the report, Secretary-General António Guterres said that for every dollar developing countries need to adapt, they receive just 10 cents.
Guterres said what is missing is money and political will, according to Dujarric. “Invest in adaptation today or pay for catastrophe tomorrow,” the spokesman said, summarizing the secretary-general’s message. The report and message were published online.
What we know / what we don't
What we know
- Developing countries will need an estimated $305 billion a year for climate adaptation by 2035, the United Nations said Nov. 4, citing UNEP’s new Adaptation Gap Report.
What we don't know
- This brief is based on the attributed UN statement; it is not independent field reporting.
The source record