UN calls on nations to ‘urgently’ boost climate funds

Felix Mauricio, a member of the Uru Murato Indigenous community, puts a miniature replica of a boat known as a "totora boat" on a desert at the site of former Lake Poopo, near the village of Punaca Tinta Maria, province of Oruro, Bolivia, on October 15, 2022. - Lake Poopo, once Bolivia's second-largest, has largely disappeared, taking with it a centuries-old culture reliant entirely on its bounty. Photo by Aizar RALDES / AFP
Climate change impacts battering vulnerable countries threaten to outstrip efforts to adapt to global warming, the UN warned Thursday, with international funding help up to ten times below what is needed.
Many emerging economies least to blame for the fossil-fuel gases that stoke global warming, are also among the most exposed to climate impacts, such as worsening drought, floods, and cyclones.
Funding to help them adapt to accelerating impacts and curb emissions is one of the thorniest issues at UN climate negotiations, which will begin their latest round in Egypt on Sunday.
Wealthy nations have failed to provide all of the pledged $100 billion a year to developing nations, reaching just $83 billion in 2020.
Only a part of that — $29 billion — was for adaptation, which the United Nations Environment Programme (UNEP) warned in a new report was five to 10 times below the estimated needs.
"Climate change is landing blow after blow upon humanity, as we saw throughout 2022: most viscerally in the floods that put much of Pakistan under water," said Inger Andersen, Executive Director of UNEP.
"The world must urgently reduce greenhouse gas emissions to limit the impacts of climate change. But we must also urgently increase efforts to adapt to the impacts that are already here and those to come."
Last week the UN warned the world was nowhere near the Paris Agreement target of capping warming at 1.5 degrees Celsius above pre-industrial levels.
As the world warms, impacts increase and so too do the costs of preparing for them.
UNEP revised its adaptation estimates from a year earlier, saying countries will now need $160 billion to $340 billion by 2030 to strengthen their resilience, rising to $315 billion and $565 billion by 2050.
'Broken'
In February, in a report dubbed an "atlas of human suffering", the UN's climate experts warned that global warming is outpacing our preparations for a climate-addled world.
