Developing countries will need to spend between $310 billion and $365 billion per year on measures to adapt to climate change impacts by 2035, a UN report showed on Wednesday, warning of a massive funding shortfall as wealthy governments pare back their support.
The latest estimate of developing countries’ annual climate adaptation needs outstrips current funding by at least 12 times, with rich nations providing just $26 billion in 2023, according to the UN Environment Programme’s (UNEP) annual Adaptation Gap Report.
Commenting on the report, UN Secretary-General António Guterres called the funding gap “a failure of global solidarity [which] is measured in flooded homes, failed harvests, derailed development – and lost lives”. “As the climate crisis deepens and costs climb, the world must move much faster to match rising needs,” he added.
The UNEP had previously estimated annual climate adaptation needs at between $215 billion and $387 billion a year by 2030, saying the 2035 estimate was narrower because of better modelling and data on the cost of planned measures to adapt to more extreme weather and rising seas.
Most of the money would be used by developing countries to protect infrastructure, agriculture and healthcare systems, and prevent coasts and rivers from flooding, the report found. The authors added that their estimate was likely conservative because climate-driven disasters such as wildfires and the cost of air-conditioning to deal with heatwaves were excluded from the analysis.
Upper-middle-income countries – a category that includes populous nations like China, Brazil and Mexico – account for about two-thirds of the estimated funding needs. Lower-middle-income and low-income countries will require most of the rest, with a small amount needed for high-income developing countries such as Saudi Arabia and Barbados, the report said.
Global South nations have long pushed in UN climate negotiations for Global North countries that historically bear the greatest responsibility for climate change to give them more money to withstand its effects. At COP26 in Glasgow four years ago, governments agreed to “urge” developed countries to double their adaptation finance between 2019 and 2025.
But UNEP’s report warns that this target “will be missed if current trends continue”. Meeting it would require adaptation finance of at least $40 billion in 2025, but international adaptation finance from donor countries fell from $28 billion in 2022 to $26 billion in 2023, UNEP said. Data on 2024 funding has not yet been released.
In her introduction to the report, UNEP Executive Director Inger Andersen wrote that “many more people will suffer needlessly” if the goal to double climate adaptation financing is missed.
A recent report by development agencies Oxfam and CARE Climate Justice Centre predicted that because of cuts to aid budgets by governments including the US, Britain, Germany and France, adaptation finance will be stuck at $26 billion in 2025, leaving developed countries far short of their goal.
Adaptation high on the agenda at COP30
Adaptation is set to be a key theme of the upcoming COP30 summit in Brazil. Governments will negotiate dozens of indicators to track how well countries are adapting to climate change, as part of the new Global Goal on Adaptation. This could include finance targets – although developed countries have resisted this.
The world’s poorest nations – known as the Least-Developed Countries (LDCs) – are leading a push for a new goal to triple adaptation finance by 2030 to about $100 billion a year. Announcing this push at the mid-year climate talks in June, LDC chair Evans Njewa said “adaptation is a lifeline”, adding that he expected other developing countries to join their call for a new, higher goal.
Climate adaptation can’t be just for the rich, COP30 president says
Speaking a day after Hurricane Melissa devastated Jamaica, Guterres called on the private sector to “step up” and invest far more in resilience and adaptation. The report said the private sector can invest in adaptation through measures such as installing air-conditioning in factories and mechanising outdoor work.
Guterres added that multilateral development banks should “mobilise far more private affordable finance and devote half of their climate funding to adaptation”. Most of the lenders spend more on emissions-cutting than adaptation.
Public adaptation finance should also become faster and simpler to access, Guterres said, adding that every person on earth should be protected by an early-warning system for disasters by 2027 – a goal set by the UN in 2022.
“Adaptation is not a cost – it is a lifeline,” he said. “Let us not waste another moment.”
The post Global South’s climate adaptation bill to top $300 billion a year by 2035 – UN appeared first on Climate Home News.
Global South’s climate adaptation bill to top $300 billion a year by 2035 – UN
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A lawsuit filed by Greenpeace International against the U.S.-based fossil fuel company Energy Transfer in the Netherlands is moving forward after a Dutch court recently ruled in favor of the environmental organization in rejecting the company’s bid to toss out the case.
Greenpeace’s Dutch Anti-SLAPP Case Against Oil Pipeline Giant Advances
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The world has already lost more than half of its coral reefs, and most of what remains is at risk of disappearing in the next 25 years.
Climate Change
DeBriefed 19 June 2026: Bonn talks end in ‘gridlock’ | Energy’s ‘new era’ | Oceans in climate negotiations
Welcome to Carbon Brief’s DeBriefed.
An essential guide to the week’s key developments relating to climate change.
This week
Bonn talks close
‘SIDE-STEPPING AND STALLING’: UN climate talks in Bonn have ended in “gridlock”, according to Climate Home News. The outlet reported on the failure to balance developing countries’ need for climate-adaptation finance with “richer nations’ desire to move forward” on emissions cuts. It added that both topics were subject to “rule 16”, meaning no agreement could be reached and work will be pushed to the COP31 summit in Turkey. Inside Climate News quoted UN climate executive secretary Simon Stiell, who said the talks had seen “side-stepping and stalling”.
JUST TRANSITION: One “glimmer of hope” came from negotiations on achieving a “just transition”, reported Euronews. The news outlet said negotiators “made headway on operationalising the Belém-Antalya mechanism”, intended to support people in the shift to a low-carbon economy. However, Politico concluded that much of the focus in Bonn had “shift[ed] to efforts outside diplomatic talks – raising questions about the future of global climate negotiations”.
‘ATTACKING SCIENCE’: Agence France-Presse reported on the EU, Switzerland and “dozens of developing nations” warning of “attacks on science” by a “small group of fossil-fuels interests” in Bonn. Table Briefings explained that “the 1.5C target is increasingly being challenged” and the role of the UN climate-science panel – the Intergovernmental Panel on Climate Change (IPCC) – in an upcoming assessment of global climate progress “remains controversial”. See Carbon Brief’s full write-up of the talks for more detail.
US-Iran deal
PRICE DROP: The US and Iran announced that they have reached an interim agreement to halt the war and reopen the strait of Hormuz, reported Bloomberg. Oil prices have fallen, as the “long-awaited deal” began the process of “eas[ing]” the global energy crisis triggered by the conflict, according to the New York Times. The Associated Press noted that high fuel prices will “likely outlast the Iran war”.
‘OIL GLUT’: The Financial Times reported that the International Energy Agency (IEA) has forecast a “glut of oil” emerging next year, if the peace deal holds. The IEA said this would allow countries to build new strategic reserves, as they “review their energy strategies and policies in response to the crisis”, according to Reuters.
‘NEW ERA’: Agence France-Presse reported that oil and gas companies have “few illusions about a return to normal for the Gulf energy industry after more than three months of blockage”. One analyst told the newswire that the war “showed the oil and gas industry that Hormuz risk is no longer just a geopolitical headline”.
Around the world
- OCEAN MONITOR: The Trump administration is “abandoning its plan” to dismantle a $368m ocean monitoring system key for tracking climate change after a “bipartisan backlash on Capitol Hill”, reported the New York Times.
- CORAL HAVEN: The New York Times covered preliminary research, presented at the Our Ocean Conference in Kenya, suggesting there could be three times as many “coral refugia” – where corals are relatively safe from climate change – than previously thought.
- BAD CREDIT: Down to Earth reported that the first carbon credits issued under the Paris Agreement’s new Article 6.4 mechanism are “facing scrutiny over alleged links to institutions controlled by Myanmar’s military junta”.
- OIL BACKTRACK: Reuters reported that oil-and-gas company Equinor has dropped a renewable-energy target and scaled back clean investments, while another Reuters story noted that Shell is selling off its offshore wind assets.
1.1 billion
The number of children facing “at least three overlapping climate hazards”, according to a new Unicef report covered by Agence France-Presse.
Latest climate research
- Including the “permafrost carbon-climate feedback” in climate models increases the chance of exceeding “tipping elements” – such as the Greenland ice sheets, Atlantic Meridional Overturning Circulation or Amazon rainforest – by up to 50% | Environmental Research Letters
- The intensity of influenza outbreaks could decline in temperate regions, but increase in tropical areas over the next century, as the climate warms | PNAS Nexus
- European snow cover has declined by 20% for December and January since the start of the industrial era, revealing an “unprecedented ongoing shrinkage of European winters” | Communications Earth & Environment
(For more, see Carbon Brief’s in-depth daily summaries of the top climate news stories on Monday, Tuesday, Wednesday, Thursday and Friday.)
Captured
The more than 2m battery electric vehicles (BEVs), 1m “plug-in” hybrids (PHEVs) and 100,000 electric vans on UK roads are already saving drivers a total of around £3bn a year, according to new Carbon Brief analysis. This amounts to savings of more than £1,100 a year in fuel costs for each BEV driver in the UK. The analysis comes amid reports in UK media this week that the government is considering “watering down” its EV sales targets.
Spotlight
Oceans rising at UN climate talks
The state of the world’s oceans is inextricably linked to the changing climate – and many delegates at UN climate talks want to see more focus on this issue, reports Carbon Brief.
Oceans are often described as the world’s “greatest ally” against climate change – absorbing 30% of carbon dioxide (CO2) emissions and most of the heat generated by those emissions.
They are also the site of important climate solutions, such as huge offshore windfarms and the shipping industry’s transition to cleaner fuels.
At the same time, the oceans themselves present a growing danger to coastal communities and sea life due to sea level rise, marine heatwaves and ocean acidification.
These diverse issues have led to growing calls within the UN climate process for more focus on oceans. During climate negotiations this week in Bonn – known as SB64 – nations and civil society had a chance to air these views during an “ocean and climate change dialogue”.
‘Elevate action’
Oceans first entered UN climate outcomes in 2019, when the final COP25 negotiated text requested a new “dialogue” on “the ocean and climate change to consider how to strengthen mitigation and adaptation action”.
The following years saw this dialogue established as an annual event. However, the political weight of these discussions has been limited.
COP31 is being co-led by Turkey and Australia, but with Pacific islands playing a supporting role. These small islands sometimes self-identify as “large ocean states”, stressing the ocean’s centrality in their societies.
In Bonn, figures from across the presidency threw their weight behind this issue. Chris Bowen, an Australian minister and incoming COP31 “president of negotiations”, told attendees:
“Australia, Turkey and the Pacific see an important opportunity to elevate ocean-based climate action.”
Strategies and finance
The two-day dialogue in Bonn involved a series of panels, statements and breakout groups.
One of the main topics was how oceans are integrated into national climate plans under the Paris Agreement, known as “nationally determined contributions” (NDCs).
Three-quarters of the latest round of NDCs mention oceans, with conservation of “blue carbon” ecosystems the most frequently described action. (Landscapes such as mangroves can both absorb CO2 and protect coastal areas.)
Delegates also discussed alignment with the UN biodiversity process, as well as ocean finance, which currently makes up less than 1% of all climate finance.
(As discussions were taking place in Bonn, country officials also gathered in Mombasa, Kenya for the 11th Our Ocean Conference. Carbon Brief’s associate editor Giuliana Viglione attended the conference and will publish a full summary shortly.)
Developing countries were clear that many of the ocean-related actions in their NDCs would depend on receiving more financial support.
‘Political momentum’
With the backing of the COP31 presidency, delegates were hopeful about where this year’s dialogue could lead.
Charles Hamilton, an advisor for the Bahamas who spoke for the Alliance of Small Island States (AOSIS) in the dialogue, told Carbon Brief that island representatives “are not traveling thousands of miles to just talk and pat ourselves on the back”. He added:
“A dialogue that just remains a dialogue is just more talk – no action.”
Given that, he said “discussions in the dialogue must move into COP decisions and the decisions must be actioned”, noting the importance of finance.
Marina Corrêa, oceans lead at WWF-Brazil, pointed to an upcoming UN climate change Standing Committee on Finance forum as a space to ramp up pressure on ocean finance.
More broadly, she wanted to see the presidencies translate their support into a “leader-level ocean initiative” that could “mainstream” oceans across negotiations.
“We have a really interesting opportunity, in terms of political momentum,” Corrêa told Carbon Brief.
Watch, read, listen
‘HOTTER THAN HELL’: An episode of the BBC’s Rare Earth podcast titled “hotter than hell” considered the issue of extreme heat, with input from experts and “people facing up to the hottest temperatures on the planet”.
NOT BROKEN?: John Drake, a professor of ecology at the University of Georgia, wrote an essay for Aeon – also re-published as a Guardian “long read” – questioning the framing of ecosystems and climate systems “breaking down”.
ON COURSE: On his Volts podcast, US climate journalist David Roberts interviewed UK climate minister Katie White, quizzing her about whether the UK will “stay the course with its climate plans”.
Coming up
- 20-28 June: London climate action week
- 21 June: Colombia presidential runoff
- 24 June: UK Climate Change Committee progress in reducing emissions 2026 report to parliament
Pick of the jobs
- Mongabay, managing editor – Africa | Salary: Unknown. Location: Global
- Contexte, environment reporter – Brussels | Salary: €45,000-€60,000. Location: Brussels
- Climate 200, communications director | Salary: Unknown. Location: Australia
- Energy Tracker Asia, energy transition correspondent | Salary: $3,000-$4,000 per month. Location: South-east Asia (remote)
DeBriefed is edited by Daisy Dunne. Please send any tips or feedback to debriefed@carbonbrief.org.
This is an online version of Carbon Brief’s weekly DeBriefed email newsletter. Subscribe for free here.
The post DeBriefed 19 June 2026: Bonn talks end in ‘gridlock’ | Energy’s ‘new era’ | Oceans in climate negotiations appeared first on Carbon Brief.
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