Central to the negotiations on the banks of the Clyde will be the level of financial support for those impacted. A lack of action helped derail last year’s COP in Madrid. There’s chronic underfunding to help people impacted adapt through initiatives like establishing coastal defences and supporting smallholder farmers to develop resilience to more extreme weather. But some climate impacts are simply too big to adapt to. One year on from suffering US$3.2 billion loss and damage in Mozambique – equivalent to half of Mozambique’s national budget or the impact of 23 Hurricane Katrinas hitting the United States – there are currently no dedicated funds to help it or other countries recover and rebuild – so-called Loss and Damage finance.
Herald 15th March 2020 read more »