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001122334455554433221100

rich countries increase climate adaptation funding but debt concerns persist

Rich countries are on track to double climate adaptation funding to developing nations by 2025, increasing from $22 billion in 2021 to around $28 billion in 2022. However, this still falls short of the estimated $215 billion-$387 billion needed annually, with concerns over the predominance of loans over grants exacerbating the debt burden on vulnerable nations. As discussions continue ahead of COP29, developing countries are advocating for a clear target for adaptation funding to address their urgent needs.
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United States Dollar Asian Development Bank BANK African Development Bank World Bank DanChurchAid Mattias Söderberg Inger Andersen Ali Mohamed Show more
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15:07 08.11.2024
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