Brazil Advocates for Stronger Climate Adaptation Funding at COP30

Brazil is pushing for enhanced funding to assist developing countries in climate adaptation, as highlighted by the nation’s COP30 summit president. This call comes following a U.N. report which projects that global needs for adaptive measures could rise to $310 billion a year by 2035.

Current expenditure on climate adaptation is approximately one-twelfth of the projected requirement. The report draws attention to the urgency of funding adaptation efforts, especially in light of severe weather events like the recent hurricane devastation in Jamaica.

COP30 aims to consolidate resources from wealthy nations, philanthropic efforts, and development banks. A "Baku to Belem roadmap" is being developed to potentially scale climate finance to $1.3 trillion, as emphasized by Andre Correa do Lago in his address urging real-world action and financial commitments.