Africa faces a vast shortfall in the finance needed to adapt to climate change. Although the continent is among the lowest contributors to the greenhouse gas emissions, climate impacts are already affecting food production, water security, livelihoods and economic activity. Droughts, floods and other extreme events are compounding food insecurity and displacement in already vulnerable communities.
The United Nations Environment Programme estimates that developing countries will need US$310-365 billion annually for adaptation by 2035. International public adaptation finance was only US$26 billion in 2023, leaving estimated needs 12 to 14 times greater than current international public flows.
