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Evans Njewa of Malawi is chair of the Least Developed Countries (LDC) group at UN climate talks.

At COP30 in Belém, the world took a long-awaited step forward. Countries agreed to triple international finance for adaptation by 2035.

Using the current goal as a starting point, as proposed by the Least Developed Countries (LDCs), the new target amounts to about $120 billion a year.

For the LDCs, which are home to more than a billion people on the frontlines of climate impacts, this commitment is more than just a number. It is a signal of hope, solidarity and the possibility of a more resilient future.

Now the real work begins to turn this promise into reality.

    The path ahead is clear. The UN Environment Programme’s 2025 Adaptation Gap Report shows that developing countries will require between $310 billion and $365 billion annually by 2035 to protect lives, livelihoods and ecosystems.

    The current adaptation finance target is around $40 billion a year by 2025 – but we do not know yet whether it has been met, with projections suggesting that is unlikely.

    Business-as-usual: Donors pour climate adaptation finance into big infrastructure, neglecting local needs

    Tripling this goal would be real progress, but still only a foundation. While the global adaptation gap remains wide, we now have a mandate to begin closing it.

    The world is no longer debating whether adaptation matters. COP30 made it clear that adaptation is essential; the priority and line of survival for LDCs – and many developing countries are ready to act.

    We are ready

    Twenty-five LDCs and 72 countries globally now have national adaptation plans in place while others have included adaptation as a component in their broader Nationally Determined Contributions (NDCs).

    Communities have identified concrete, ready-to-implement actions across agriculture, biodiversity, water, health, energy and infrastructure sectors. The blueprints exist. The needs are known. The financial gap is known, too.

    Alex Messan Kouassi, lifeguard and resident of Azuretti, a village threatened by the sea, looks through a window in the ruins of his house, destroyed by a sudden rise in water level which damaged several hotels and houses in the coastal towns east of Abidjan in August in Grand Bassam, Ivory Coast September 20, 2023. REUTERS/Luc Gnago

    Alex Messan Kouassi, lifeguard and resident of Azuretti, a village threatened by the sea, looks through a window in the ruins of his house, destroyed by a sudden rise in water level which damaged several hotels and houses in the coastal towns east of Abidjan in August in Grand Bassam, Ivory Coast September 20, 2023. REUTERS/Luc Gnago

    People on the ground are prepared to introduce drought-resilient crops, restore mangroves, upgrade drainage systems and build early-warning systems that save lives and livelihoods.

    This is where developed countries have an unprecedented opportunity to lead. The technologies exist. Finance exists in the world’s wealthiest economies.

    Rich nations “on track” to double adaptation finance but huge gap persists

    What is needed now is political will – to honour commitments, uphold the principles of the Paris Agreement, and support those who contributed least to this crisis but suffer its worst impacts.

    Grants, not loans

    For too long, much of the adaptation support on offer has come as loans, many of them non-concessional, pushing vulnerable countries deeper into debt.

    COP30 gives the world a chance to change course. For the LDC Group, the message is clear: adaptation finance must be predominantly grant-based.

    Without debt relief, climate action will fail

    Grants build resilience without placing new burdens on countries already stretched thin. It is fairer, just and economically wiser than debt-creating finance. When providing adaptation finance, both the quantitative and qualitative aspects must be taken into consideration.

    So here is our invitation to developed countries:

    • Confirm and make concrete national commitments toward the tripling target of $120 billion a year – accessible, predictable, transparent and aligned with need.
    • Prioritise grants at scale, ensuring that protection from climate impacts does not come with a price tag communities cannot afford.
    • Channel support for adaptation through funds established under the UNFCCC, particularly those designed to specifically support LDCs and Small Island Developing States (SIDS).
    • Streamline access procedures so that LDCs and SIDS can receive support quickly – because bureaucracy should never stand between people and their safety.
    • Respond to country needs: Providing funding for countries’ priorities promotes sustainability – and wherever possible, supporting locally-led initiatives that incorporate Indigenous knowledge and technology is preferable.
    Pasijah, 55, holds mangrove seedlings at her home in the submerged hamlet of Rejosari Senik, Demak regency, Central Java Province, Indonesia, March 14, 2025. REUTERS/Ajeng Dinar Ulfiana

    Pasijah, 55, holds mangrove seedlings at her home in the submerged hamlet of Rejosari Senik, Demak regency, Central Java Province, Indonesia, March 14, 2025. REUTERS/Ajeng Dinar Ulfiana

    Disappointment on LDC Fund replenishment

    At COP30, LDCs called for scaling up of the Least Developed Countries Fund to $3 billion over the next four years under the Global Environment Facility’s ninth replenishment cycle. This request aligned with the climate finance commitment made at COP29 in Baku.

    However, developed countries refused to meet this expectation. If it had been agreed upon in the COP30 decision, it would have significantly strengthened morale and fostered trust with LDCs.

    Nonetheless, the COP30 decision on adaptation finance still offers a rare moment of hope and possibility. Early ambition now can build momentum. Factoring in inflation, adaptation needs will rise to between $440 billion and $520 billion by 2035 – so success today must pave the way for even stronger action in the future.

    Resources and resolve required

    To the developed countries: your leadership can unlock a chain reaction. Your commitments can build trust. Your partnership can help transform vulnerability into resilience.

    This is one of history’s defining moments. The world can still choose to meet the climate challenge – not only by cutting emissions, but by ensuring every community has the tools to adapt and thrive.

    The LDCs are ready. We bear the leadership in adaptation, have the plans, the determination and the ingenuity. What we need now are partners with resources and resolve.

    The post Tripling adaptation finance is just the start – delivery is what matters appeared first on Climate Home News.

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    How to Think About the Extractive Problem of Lithium Mining

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    Electrification of transportation and the power grid all but require lithium to make batteries—but mining it takes a toll on delicate ecosystems. Still, there are reasons for hope.

    From our collaborating partner Living on Earth, public radio’s environmental news magazine, an interview by Paloma Beltran with Thea Riofrancos, the author of “Extraction: The Frontiers of Green Capitalism.”

    How to Think About the Extractive Problem of Lithium Mining

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    New panel of climate scientists calls for fossil fuel transition roadmaps

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    A new panel of experts, bringing together some of the world’s top climate scientists, has called on governments to develop roadmaps for phasing out fossil fuels “anchored in science and justice”.

    Launched on Friday in Santa Marta, Colombia, along with a set of 12 initial policy recommendations, the panel’s appeal came ahead of a key ministerial meeting on equitable ways to reduce dependence on coal, oil and gas during next week’s “First Conference on Transitioning Away from Fossil Fuels”.

    Sixty countries head to Santa Marta to cement coalition for fossil fuel transition

    Presenting the panel’s recommendations in a packed Santa Marta Theatre, Johan Rockström, director of the Potsdam Institute for Climate Impact Research (PIK), said the push for a global transition away from fossil fuels offers “a light in the tunnel” during a “very dark moment” of geopolitical conflict and climate extremes.

    “Science is here to serve,” Rockström said. “We’re today launching the Science Panel for the Global Energy Transition (SPGET) as a service, as a global common good for all countries, all sectors, all regions to connect to the best science enabling a transition away from fossil fuels.”

    The panel is urging countries to create “whole-of-government” plans to “dismantle legal, financial and political barriers” to the energy transition. Its insights are intended to inform top officials from 57 governments who will gather in Santa Marta for high-level discussions on Tuesday and Wednesday.

    Draft roadmap for Colombia

    Colombian Environment Minister Irene Vélez Torres said the panel “addresses a longstanding shortcoming” in international climate science, by creating a scientific body dedicated solely to overcoming the world’s reliance on fossil fuels.

    “It’s a first-of-its-kind, designed to organise in the next five years the scientific evidence that allows cities, regions, countries and coalitions to take the big leap,” Vélez told the event in Santa Marta.

    As an example of how countries can move forward – even when their economies are closely tied to the production and use of dirty energy – a group of European scientists presented a draft roadmap to phase out fossil fuels in Colombia, with inputs from the Colombian government. It will be used as a basis for further consultation in the Latin American nation to define the way forward.

    To phase out fossil fuels, developing countries need exit route from “debt trap”

    Piers Forster, director of the Priestley Centre for Climate Futures at the University of Leeds and co‑author of the roadmap, said it shows “a clear pathway to economic and societal benefit”, with average annual investment of $10.6 billion producing net economic benefits of $23 billion per year by 2050.

    The document says fossil fuels in Colombia can be phased out through energy efficiency measures, coupling renewable generation with energy storage, and switching to electrified transport. But, it adds, the government will need to plan for reduced revenue from fossil fuel exports, which roughly half by the mid-2030s.

    “What matters now is moving beyond headline targets to create credible, policy-relevant roadmaps, enabling a just and effective transition,” Forster said in a statement. Brazil is also working on a national roadmap for its own economy, as well as leading a voluntary process to produce a global roadmap.

    IPCC hobbled by politics

    Currently, the world’s top climate science body – the Intergovernmental Panel on Climate Change (IPCC) – requires countries to sign off on each “summary for policymakers” of its flagship science reports. This has led to a politically fraught process that has increasingly seen some oil-producing governments making efforts to weaken its recommendations.

    In a bid to focus scientific debates on the phase-out of fossil fuels, the new SPGET was created based on a mandate from last year’s COP30. It is also meant to come up with scientific recommendations at a faster pace than the IPCC’s seven-year cycle.

    Natalie Jones, senior policy advisor at the International Institute of Sustainable Development (IISD), called the new scientific panel “historic”, as it will be “more specific, more targeted and potentially more agile” with its advice on phasing out coal, oil and gas than the IPCC’s exhaustive scientific synthesis reports.

    Why the transition beyond fossil fuels depends on cities and collective action

    One of the SPGET members, Peter Newell of the UK’s University of Sussex, said “there are many different challenges along the way – and not all of them have to do with lack of evidence”, but the phasing out of fossil fuels “is one part of the story and it’s important to address it”.

    The panel will be co-chaired by Cameroonian economist Vera Songwe, PIK’s chief economist Ottmar Edenhofer and Gilberto M. Jannuzzi, professor of energy systems at Brazil’s Universidade Estadual de Campinas. It will be composed of between 50 and 100 scientists divided into four working groups: transition pathways, technological solutions, policies and finance.

    Under the 12 insights for the Santa Marta process, the panel recommended banning new fossil fuel infrastructure, mandating “deep cuts” in methane emissions, implementing carbon levies on imports, and de-risking clean energy investments via interventions from central banks, among others.

    The post New panel of climate scientists calls for fossil fuel transition roadmaps appeared first on Climate Home News.

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    New loss and damage fund could run out of money next year

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    Despite not yet paying out any money, a UN-backed fund meant to address the loss and damage caused to developing countries by climate change could face “liquidity issues” by the end of next year, its head warned today.

    With ten projects already requesting $166 million in total, the fund’s Executive Director Ibrahima Cheikh Diong warned a board meeting in Zambia that the fund was likely to be “oversubscribed” and should anticipate cashflow problems.

    A framing paper prepared by the fund’s secretariat similarly warns that “given the current status of the capitalization of the Fund, there is a risk of the Fund exhausting its capital by the end of 2027, which could result in a loss of operational momentum and expose the FRLD to reputational risk”.

    Since governments agreed to set up the fund at UN climate talks in Egypt in 2022, wealthy nations have promised $822 million, but delivered just $449 million.

    The fund is expected to approve its first projects at its next board meeting in July. Early proposals submitted include strengthening responses to floods in Bangladesh and the Nigerian city of Lagos, and improving water infrastructure in Jamaica following Hurricane Melissa last year.

    A woman walks over debris, outside a store where food is being distributed, after Hurricane Melissa made landfall in Black River, Jamaica, October 30, 2025. (REUTERS/Octavio Jones )

    Millions not billions

    ActionAid Zambia climate justice coordinator Michael Mwansa told the board meeting that he was concerned about “the failure of the Global North governments to deliver on their climate finance obligations, making it largely impossible to scale up [the fund’s initial stage] significantly, if at all”.

    “Pledges remain nowhere near the billions and even the trillions needed to address loss and damage to the Global South”, Mwansa added, highlighting reports which found that financing loss and damage could cost developing countries up to $400 billion a year.

    The fund’s board discussed its strategy for raising more money at its meeting this week while climate campaigners called, in an open letter, for it to aim to secure $50 billion a year from developed countries starting next year, rising to $100 billion a year by 2031 and $400 billion by 2035.

    The World Bank-hosted fund aims to have revenue-raising rounds known as replenishments every four years, with the first in 2027.

    Governments have agreed to “urge” developed countries to contribute but only to “encourage” other nations to do so and the fund’s secretariat wants to appoint a “high-level champion” to lead the replenishment team.

    The fundraising strategy will be discussed further at the next board meeting in the Philipines in June.

    Campaigners’ open letter calls for developed countries to contribute more and for them to introduce taxes on fossil fuel companies, financial transactions, luxury air travel and wealth to raise money for the fund.

    “Rich countries must be held strictly accountable for the devastation they have caused,” said Climate Action Network International head Tasneem Essop. “Their failure to fulfil their responsibility to the Loss and Damage Fund is not just an oversight; it is a shameful betrayal of humanity.”

    The post New loss and damage fund could run out of money next year appeared first on Climate Home News.

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