- According to the 2023 Adaptation Gap Report, climate adaptation funding from the World Bank and bilateral sources declined by 15 percent in 2021 to about $21 billion.
- Climate adaptation funding has declined despite a pledge at the 26th COP of the United Nations Framework Convention on Climate Change in Glasgow to double funding to $40 billion per year by 2025.
- In many developing countries, the domestic budget is one of the largest sources of funding for adaptation.
- In low-income countries, neither domestic nor private funding sources can bridge the adaptation finance gap.
- More than 85% of countries have at least one national-level adaptation planning tool.
- The finance needs of developing countries now exceed international public finance flows by 10–18 times.
- The total cost of adaptation for developing countries is $215 billion per year. Adaptation costs are those of planning and implementing measures to reduce harm caused by climate change.
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International
