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At COP31, donors tout record adaptation finance — The Climate Ledger

COP31 adaptation finance: recipients push back — Reuters

theclimateledger.com/2026/06/cop31-adaptation-finance

The Climate Ledger

TUESDAY 9 JUNE 2026 · GENEVA EDITION

COTHON DEMO — HIGHLIGHT ANY PASSAGE TO EXTRACT ITS CLAIM, OR PRESS ✎ TO EXTRACT THE WHOLE PAGE

CLIMATE FINANCE · COP31

At COP31, donors tout record adaptation finance — but the gap keeps growing

By Amara Diallo · Geneva

wire photo — cop31 closing plenary

DELEGATES AT THE CLOSING PLENARY IN GENEVA. PHOTO: PLACEHOLDER

GENEVA — In the closing plenary of COP31 on Monday, donor governments announced that tracked adaptation finance reached $63 billion in 2024, a figure negotiators framed as proof the post-Paris architecture is finally delivering.

The announcement drew immediate scrutiny. Several delegations described the total as nearly double what flowed in 2019, a comparison independent analysts called generous.

“Adaptation remains the orphan of climate finance — celebrated in communiqués, starved in budgets,” said Lené Aduba, an adviser to the V20 group of climate-vulnerable economies.

Behind the headline number, the composition of flows has barely moved: most finance still arrives as loans rather than grants, and private capital remains marginal. Negotiators will take up the question of grant-equivalence reporting when talks resume on Friday.

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