Synergies and Challenges in Financing Adaptation, Sustainable Development, and Loss and Damage

Adapting to climate impacts is more critical than ever. Average global temperatures surpassed the 1.5°C threshold in 2024, and the ten worst climate-related disasters of 2025 caused over $120 billion in insured losses alone. Yet just as adaptation becomes more urgent, climate has slipped down the global agenda, leaving the developing countries most exposed to climate impacts—and least responsible…