UN says climate adaptation finance for poorer nations falls $277bn short of annual need

■ Steady

UN says adaptation finance for poorer nations is $277bn a year short of need

A UN report released on Wednesday says developing countries need $305 billion a year to adapt to climate change, and rich countries are about $277 billion short of that. The report notes extreme weather events are becoming more frequent and severe. On Tuesday, Brazil published a roadmap for phasing out fossil fuels ahead of a global climate summit.

• The UN report puts annual adaptation needs in developing countries at $305 billion.
• Brazil says its roadmap lets all countries start cutting dependence on coal, oil and gas now, without waiting for new technologies.
• A UN-backed report published on Monday warns that even a temporary rise above 1.5C could cause lasting losses of snow and ice.
• The same report says global heating should be brought back below 1C after any overshoot.