News

Preparing for a Riskier World Is Becoming a Bigger Part of Climate Talks

Bloomberg.com · last updated

As the COP30 climate summit in Brazil draws to an end this week, negotiators are still struggling over an agreement over how to transition away from fossil fuel — and those difficulties make another aspect of the talks, over how to adapt to an inevitably hotter world, even more crucial.

Adaptation has drawn renewed focus from high-profile climate philanthropists like Bill Gates, who recently called for governments to “pivot” towards funding those types of interventions. A record amount from philanthropic foundations flowed to adaptation last year, and this funding more than doubled to $870 million between 2021 and 2024.