Climate-related impacts are biting – but who will pay the bill?

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The latest report from UNEP says that global costs of adaptation could range from US $140-300 billion by 2030.1 It’s time to get innovative on sources of finance

Kalisi holds her son Tuvosa, 3, in the remnants of her house in Rakiraki District in Ra province in Fiji (Pic: UNICEF) Kalisi holds her son Tuvosa, 3, in the remnants of her house in Rakiraki District in Ra province in Fiji (Pic: UNICEF)

Few phrases engender greater alarm among negotiators.

The concept of “loss and damage” at the UN climate change negotiations has emerged and grown more prominent as countries fail to adequately reduce their emissions, rendering even heroic adaptation efforts inadequate to confront climate impacts.

The devotion of a full article in the Paris Agreement to loss and damage was a major breakthrough for the world’s most vulnerable nations. Article 8 says that countries should enhance understanding, action, and support with respect to loss and damage.

Some of the controversy relating to this seemingly vacuous language is due to its remaining…

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