Climate change: Public adaption finance grew by 32 pc in 2022, but large gap remains, says UN report

International funding to aid developing nations in adapting to climate change rose to USD 28 billion in 2022. However, a significant shortfall persists between the required funding and the actual amount provided. The UN Environment Programme reported that achieving the Glasgow Climate Pact goal would only marginally reduce the adaptation finance gap. The report highlighted the urgency for increased adaptation efforts, particularly in securing financial commitments from developed countries.