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The World Isn’t Spending Nearly Enough to Adapt to Climate Shocks, UN Says

"A new report, urging rich nations to give more climate aid to poorer ones, comes as Donald Trump’s election throws global climate talks into disarray."

"After Donald J. Trump’s election threatened to upend global efforts to fight climate change, a United Nations group on Thursday warned in a new report that developing nations need hundreds of billions of dollars per year in aid to adapt to a warming planet.

With temperatures on the rise, many more countries are trying to protect themselves from heat waves, floods and other climate shocks, according to the report, from the U.N. Environment Program. At least 171 countries now have at least one national climate adaptation plan in place.

But those efforts remain badly underfunded, particularly in poor countries. While wealthy nations provided $28 billion in aid for climate adaptation in 2022, the report estimates that developing nations need between $187 billion and $359 billion annually in additional funding to cope with climate change disasters.

World leaders were set to meet next week in Azerbaijan at the U.N. climate summit, called COP29, to discuss how to increase financial assistance to developing nations. Reaching an agreement could be more difficult now that Mr. Trump, who has dismissed climate change as a hoax, is the United States’ president-elect."

Brad Plumer reports for the New York Times November 7, 2024.

Source: NYTimes, 11/08/2024