UN Warns: Action to Combat Climate Crisis Falls Short of Adequacy

A UN report warns that the world is "woefully" unprepared for the escalating impacts of the climate crisis, with international funding for climate adaptation falling short. The report estimates that between $215bn and $387bn per year is needed for climate adaptation in poor and vulnerable countries alone, but funding actually fell by 15% in 2021. Rich nations pledged $40bn by 2025, but more action is needed. The report emphasizes the cost-effectiveness of adaptation measures and the need to limit future compensation through a loss and damage fund. Every country is underprepared for climate impacts, making adaptation a "matter of survival." The UN Secretary-General calls for action to close the adaptation gap and deliver climate justice, including taxing the windfall profits of the fossil fuel industry.