A family moves to a safe place with their belongings after the flood situation worsened in Munshiganj district, on the outskirts of Dhaka, Bangladesh, on July 25, 2020. Floods have become more frequent in countries like Bangladesh, which faces the worst impacts of climate change. File photo: Reuters At the 26th United Nations Climate Change Conference (COP26) in Glasgow last …

During the 26th UN Climate Change Conference (COP26) in Glasgow, Scotland last year, developing countries put forward a proposal to create a Finance Facility for Loss and Damage (FFLD), which was not accepted by developed countries. Instead, they replaced it by setting up the Glasgow Dialogue on Finance for Loss and Damage, which would carry on for three years before …