Overview
- UNEP’s Adaptation Gap Report says developing countries will need about $310–$365 billion a year for adaptation by 2035, compared with just $26 billion in public flows in 2023.
- The 2021 pledge to double public adaptation finance to roughly $40 billion by 2025 is likely to be missed after funding fell from $28 billion in 2022 to $26 billion in 2023.
- Loans dominate 58% of international adaptation finance, prompting warnings over long‑term affordability and calls to prioritize grants and other non‑debt instruments.
- Private investment in adaptation could reach about $50 billion annually with supportive policies and multilateral development bank engagement, up from roughly $5 billion today.
- Brazil’s COP30 president aims to assemble a ‘package of resources’ drawing on rich countries, philanthropy and MDBs, as last year’s $300 billion-by‑2035 NCQG faces criticism from nations seeking $1.3 trillion.