Rich countries fall far short on climate adaptation funding, UN says

LONDON: Rich countries are falling well short of the $305 billion needed each year to help developing nations adapt to climate change, even as extreme weather events become more frequent and severe, a UN report said on Wednesday. Funding from developed countries rose by $1 billion to $28.2 billion in 2024, but remained a fraction of what is required to help poorer nations cope with worsening…