By Lisandra Paraguassu and Kate Abnett

BRASILIA / BRUSSELS (Reuters) -Brazil wants to help developing countries secure more funding for adapting to climate change, the COP30 climate summit president said, as a U.N. report estimated the world will need to spend $310 billion a year by 2035 to prepare for higher sea levels, hotter days and other conditions of a warmer atmosphere.

That is roughly 12 times the amount now spent on annual climate adaptation efforts, according to the U.N.’s Adaptation Gap Report. COP summits to date have not yielded major increases in funds for climate adaptation, which lag behind investments in renewable energy and other technologies that focus on reducing the greenhouse gas emissions causing climate change.

The U.N. report was released on Wednesday, the same

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