Clear Plans Needed to Deploy Climate Adaptation Funds, UN Says

Devising clear strategies to deploy billions in funding for climate adaptation is crucial for nations across Asia, according to a United Nations official responsible for overseeing policy development.

The annual cost of adaptation — efforts to protect assets against the impacts of extreme weather — is forecast to be as much as $340 billion in developing nations alone by 2030, and the sector is drawing fresh attention from banks and investors as an alternative to emissions-reduction projects.