A new international organisation should be set up to raise and distribute funds to nations who will suffer the worst impacts of global heating. That is the key conclusion of a UK report – Addressing the Impacts of Climate Change – that will be debated this week at the COP25 climate talks in Madrid. The authors argue that the cash raised by the new body should be used in addition to the $100bn a year rich countries have pledged to help poorer nations cut their carbon emissions and adapt to the climate crisis. These new funds would compensate nations who suffer the most acute effects of rising temperatures, in terms of the cultural devastation, loss of traditional jobs and eradication of biodiversity inflicted on them.
Observer 1st Dec 2019 read more »