Climate: UN report – funds for climate adaptations are insufficient
The international community's climate targets are in danger of being missed. The global community is also financially unprepared to cope with the consequences of climate change, according to the UN.
A UN report states that a significant funding gap exists to address the consequences of climate change. The UN Environment Programme estimates that $305 billion is needed annually by 2035, but current funding from developed countries to those most affected in the global south falls far short. Even if current funding is tripled by 2035, it would only cover 20-29% of the required amount.
The report's findings were presented at a conference in Nairobi, with UNEP Director Inger Andersen and UN Secretary-General António Guterres calling for increased financial commitments and urgent action to address the climate crisis.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
