Global Climate Aid Gap Leaves Vulnerable Nations Exposed to Risks

Wealthy countries have reduced their financial commitment to helping developing nations cope with the impacts of climate change, with aid for climate adaptation falling to $21 billion in 2021, a 15% drop from the previous year. The United States saw one of the largest reductions in climate adaptation aid, with a 47% decrease. However, developing nations will need between $215 billion and $387 billion annually this decade to protect against climate shocks, which is significantly higher than the amount committed by wealthy countries. The report highlights the growing demand for adaptation assistance and the need for increased ambition in climate action.