Wealthy countries have reduced their financial commitments for helping developing nations cope with climate change, according to a United Nations report. Climate adaptation aid fell to $21 billion in 2021, a 15% drop from the previous year. The US saw one of the largest reductions in climate adaptation aid, with a 47% decrease in commitment. Developing countries will require between $215 billion and $387 billion annually this decade to protect against climate shocks.
Source: US & other rich nations cutting climate aid, even as risks grow
