Huge adaptation finance shortfalls leave developing countries exposed to rising seas, deadly storms, and searing heat, flags a new UN report

A new UN report warns developing countries need $310-365 billion annually by 2035 for climate adaptation, but current financing is only $26 billion, a 12-14 times shortfall. International public adaptation finance even decreased in 2023, leaving vulnerable nations exposed to escalating climate impacts and highlighting a significant gap in climate justice.