JOURNAL ARTICLE

Missing $300 Billion Hampers Efforts to Adapt to Climate Change, UN Says.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Kaufman, Leslie; Maisonnave, Fabiano 3 of 3

Abstract

The article discusses the challenges faced by small and vulnerable nations, particularly in light of Hurricane Melissa's impact on Jamaica, highlighting the urgent need for adaptation finance due to climate change. The UN Environmental Programme (UNEP) estimates that developing countries will require between $310 billion and $365 billion annually for adaptation by 2035, yet funding from developed nations has decreased from $28 billion in 2022 to $26 billion in 2023. While there are some positive developments, such as an increase in national adaptation plans, the report emphasizes that adaptation funding remains significantly lower than necessary, with a call for greater financial support expected at the upcoming COP30 climate summit in Brazil. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2025
  • Accession Number:188951426
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