UN report finds adaptation funding far below developing countries’ needs
Climate · First reported 4 Nov, 10:59 · Updated 11:52
A UN report says developing countries will need about $305 billion annually by 2035 to adapt to climate change. International public adaptation finance reached $28.2–$31.7 billion in 2024, and even tripling support would cover no more than 29% of estimated needs, according to the report.
- The UN report estimates developing countries need roughly $305 billion a year by 2035 for climate adaptation; that estimate excludes private-sector needs.
- International public adaptation finance was $28.2–$31.7 billion in 2024, about $1 billion more than in the previous year.
- The report says tripling annual support would yield an estimated $85–$120 billion and cover 20–29% of needs after inflation.
Summary written by Lux AI from 2 articles
Key facts
- Estimated annual adaptation need
- Roughly $305 billion by 2035 for developing countries.
- International public adaptation finance in 2024
- $28.2–$31.7 billion.
- Projected annual funding if support triples
- $85–$120 billion, covering an estimated 20–29% of needs after inflation.
- COP31
- The report was released ahead of COP31, scheduled to open the following week in Antalya, Türkiye.
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