We need innovative ways to fill the climate funding gap
SummaryA new Loss and Damage Fund has been proposed to assist developing countries, but there is doubt over whether promises will be kept. A global commitment to raise international financial flows was also made, but there is no clear roadmap to achieve this
Rising carbon emissions and biodiversity losses have resulted in huge imbalances and pose one of the gravest threats to the existence of mankind. The vagaries of human-induced environmental threats spare none. Vulnerability of socially and economically weaker sections is compounded by their position, but it doesn’t mean that the more privileged are likely to get away. This calls on the privileged few to think of and put in place innovative finance solutions to deal with the crises.