COP28 Climate Talks Overshadow Adaptation Funding Needs
Vulnerable nations push for more financial support as adaptation commitments lag behind.
- Climate adaptation discussions at COP28 are being overshadowed by negotiations on reducing fossil fuel use, causing frustration among climate campaigners in vulnerable countries.
- Activists and officials from climate-vulnerable nations are pushing for more funding to cope with extreme weather events worsened by global warming.
- While millions have been pledged to deal with the aftereffects of extreme weather events, adaptation has not seen similar commitments.
- A U.N. report found that developing countries need nearly $400 billion per year to prepare for climate change but only $21 billion was given in 2021.
- The longer it takes to act on providing adaptation funding, the higher the future costs will be.