“From the multilateral funds, around $650 million has been so far committed to Bangladesh for climate adaptation. And in the last 10 years or so, we have received less than $200 million of that, which is paltry compared to $2 billion people in Bangladesh spend per year to cope with the impacts of natural disasters.” News Source: The Business Standard
The UN estimates that 4.5 million livestock have so far died due to lack of water and pasture. Millions more are weak and starving. This means traders are unwilling to buy cattle which supports community life. “Our livestock are our bank; if we lose them, we are nothing. Even if we do business, it is through livestock,” says Tume Jirma, …
Regarding the position the Canadian government will adopt on the question of finance for loss and damage Kaitlin Power, press secretary to Environment Minister, said Canada “reiterates its commitment to engage constructively on loss and damage at COP27 including through a new agenda item on loss and damage finance.” Power added that Canada “looks forward to the continuation of the …
House leader wants PH to seek accountability from big polluters following the devastation caused by Severe Tropical Storm Paeng (Nalgae) in several parts of the Philippines. News Source: rappler.com
The NGO GermanWatch has ranked India seventh among countries most affected by extreme weather in 2019, noting that massive floods that year caused damage of around $10 billion, claiming 1,800 lives and displacing around 1.8 million people. See also COP27: India can’t be expected to pay for climate sins of the West. News Source: AP News
Silva said that Brazil would demand rich countries provide financing to poor countries to respond to climate change and give compensation for permanent “loss and damage” from climate change. News Source: swissinfo.ch
The assessment estimates total damages to exceed USD 14.9 billion, and total economic losses to reach about USD 15.2 billion. Estimated needs for rehabilitation and reconstruction in a resilient way are at least USD 16.3 billion, not including much needed new investments beyond the affected assets, to support Pakistan’s adaptation to climate change and overall resilience of the country to …
Loss and damage advocates say the U.S. is muddying the waters with “linguistic acrobatics” and diversionary tactics ahead of COP27.
At a New York Times event last month, Biden administration climate envoy John Kerry caused a stir when he appeared to dismiss the notion that the U.S. would compensate other countries for the loss and damage they’ve already suffered at the hands of climate change. He told the audience that it’s more important to focus on preventing future climate change and adapting …
SUBSIDIARY BODY EVENTSEvent language: EnglishVenue: UN city, Marmormolen 51, 2100City: CopenhagenCountry: DenmarkOrganiser: UNFCCC Originally this new was published by UNFCCC website.
Virtual 21 April 2022, 12pm – 2pm EDT, 4pm – 6pm GMT Meeting of the V20 Ministers at the forthcoming IMF and World Bank Spring session. This new was originally published by V20 website.
