As negotiations at this year’s United Nations climate summit, or COP30, near the finish line in Belém, Brazil, the gap in financing for climate adaptation continues to be a sticking point. New pledges amounting to $135 million for the Adaptation Fund, a U.N.-backed financial mechanism to help vulnerable countries cope with the impacts of climate change, were announced during the talks. However, a U.N. report released in October shows that the “adaptation gap,” the difference between what it costs to adapt to climate change and the actual amount of money available, runs in the billions of dollars. This is also the case for countries in Africa, which have contributed little to the problem of climate change. Some experts argue that given the role that Africa and, in particular, its forests play in stowing away planet-warming carbon, it is owed double the amount that it needs in additional adaptation funds. “Africa has already made a substantial preliminary contribution to global climate action,” Richard Munang, deputy regional director for Africa at the United Nations Environment Programme (UNEP), told Mongabay. The estimated funding gap for Africa is $51 billion, according to the latest UNEP report. Home to nearly a fifth of the world’s population, Africa emits only 4% of annual global emissions. Its forests, with the Congo Basin at the core, remove 1.1 billion metric tons of carbon dioxide from the atmosphere each year. If converted to carbon credits and traded at the fair price determined by the Intergovernmental Panel on Climate Change…This article was originally published on Mongabay

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