A new report indicates that climate change could reduce Venezuela’s Gross Domestic Product by 10%. Organizations like Clima 21 attribute this potential economic setback to the impacts of a changing climate, including extreme weather events and resource scarcity. The report highlights Venezuela’s limited access to international financial markets and high levels of debt as significant obstacles to securing crucial climate funding. This lack of access hinders the country’s ability to invest in adaptation and mitigation strategies. Without sufficient investment, Venezuela will struggle to build resilience against climate-related disasters and maintain economic stability. The findings underscore the financial consequences of inaction on climate change for the South American nation. Experts emphasize the urgent need for increased international cooperation and financial assistance to support Venezuela’s climate efforts.