Climate loss and damage: who should pay?
With COP27 now under way in Sharm El Sheikh, this episode explores why loss and damage is a key focus for this year’s negotiations through the perspective of Small Island Developing States (SIDS).SIDS are most heavily impacted by the impacts of climate change, despite being the least responsible for them. Average annual losses from extreme weather events are projected in the trillions of dollars by 2050, and pressure for financial redress is growing.At COP26 in Glasgow last year, the G77+China negotiating group proposed a loss and damage finance facility. This was blocked by the US and EU in…
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