Climate & resilience
COP31 Highlights Massive Gap in Climate Finance and Push for Polluter Contributions
At COP31, UN leaders warned that even tripling adaptation aid would cover less than a third of vulnerable countries' needs, while annual climate finance risks falling $840 billion short of the $1.3 trillion target. A $10 billion initiative and innovative insurance schemes aim to bridge the gap, but negotiations on funding and loss‑and‑damage remain unresolved.