Funding Needed For Climate Disasters Has Risen ‘More Than 800%’ In 20 Years

"The funding needed by UN climate disaster appeals has soared by more than 800% in 20 years as global heating takes hold. But only about half of it is being met by rich countries, according to a new report by Oxfam.

Last year was the third costliest on record for extreme weather events such as droughts, floods and wildfires with total economic costs estimated at $329bn, nearly double the total aid given by donor nations.

While poor countries appealed for $63-75bn in emergency humanitarian aid over the last five years, they only received $35-42bn, leaving a shortfall that Oxfam condemned as “piecemeal and painfully inadequate”."

Arthur Neslen reports for the Guardian June 7, 2022.