The executive arm of the European Union has pledged 100 million euros ($116 million) to the United Nations‘ fund for helping developing countries adapt to climate change.

“Financing adaptation is critical. We all repeated that mantra endlessly. But the rhetoric, sadly, is not followed by action. We all need to get cracking, and we all need to do it now,” Frans Timmermans, the EU Commission vice-president in charge of the European Green Deal, said in Glasgow, according to Associated Press reports. 

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The European Commission further added that the additional contribution from the EU budget is by far the largest pledge to the fund made by donors at the U.N. climate conference in Glasgow.

Since 2010, the adaptation fund has allocated roughly $868 million to climate change adaptation and resilience projects and activities, according to the EU’s 27 member states.

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Meanwhile, United Nations Environment Programme Director Inger Andersen said on Tuesday that the new analysis found that the commitments from the last week weren’t enough to trim future warming scenarios and reduced the “emissions gap” by a few tenths of a percentage point.

Around 120 world leaders and thousands of delegates are attending the climate talks, which have seen more than 80 countries pledge to cut methane emissions by 30% by the end of 2030 in what US President Joe Biden termed as a “game-changing commitment.”

More than 100 world leaders also pledged at the COP26 summit to halt and reverse deforestation by the end of the next decade.

The United Nations has warned that any further failure to limit global warming to the 1.5C target would prove catastrophic.

With inputs from the Associated Press