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UNFCC: The challenge before the UNFCCC is to get the new funding systems to help the poorest victims access funds for addressing loss and damage as quickly as possible.
In the Asia Pacific region, losses from natural disasters increased to approximately $70bn in 2022 with insured losses rising to around $10bn, according to global reinsurance giant Munich Re.
Overall losses were close to the average for the last five years, while insured losses were significantly above average (2017–2021: US$ 97bn). The continued high level of insured losses is impacting insurers at a time when they are having to deal with both high inflation rates and a shrinking capital base due to rising interestOverall losses were close to the average for the last five years, while insured losses were significantly above average (2017–2021: US$ 97bn). The continued high level of insured losses is impacting insurers at a time when they are having to deal with both high infla...
Youth climate activists: If we are unable to phase out the use of fossil fuels and limit the temperature rise, the decision about loss and damage alone will not reduce the vulnerability of any country. Similarly, while more young people had the opportunity to join discussions, there is still a long way to go to make their participation more meaningful.
Washington D.C. (PRWEB) December 19, 2022 -- CGTN AMERICA releases “Global Action Initiative: Sustainability and the Role of Entrepreneurs”The world is