The Adaptation Gap Report (AGR) series provides regular updates on what is happening globally in planning, implementation and finance for adaptation to climate change, informing the United Nations Framework Convention on Climate Change (UNFCCC) negotiations ahead of the annual Conference of the Parties to the UNFCCC (COP). The AGR 2025 reflects on opportunities for the Baku to Belém Roadmap to 1.3T and the private sector to contribute to this effort.