Developing nations will need between $215 billion and $387 billion annually this decade to protect against climate shocks, such as worsening storms, crop failures and loss of access to water, the report found. That’s as much as 18 times greater than the total amount that wealthy countries committed for climate adaptation in 2021. The new data comes weeks before the start of a major United Nations climate summit in Dubai, where aid to developing countries will be a top agenda item. At a similar summit two years ago in Glasgow, countries agreed to double their climate adaptation funding by 2025, compared with 2019 levels. Even if nations make good on that pledge, the report said, it would provide just a small share of the additional money needed.

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Persons: ”, Georgia Savvidou, Paul Watkiss Organizations: Stockholm Environment Institute, United Nations Locations: United Nations, Dubai, Glasgow, Georgia, Stockholm