as i can understand, and the un says we need much more. do they have the funds to do this? look, it s certainly been an issue where we don t already have the finance goals that exist being met. but what developing countries are calling for here is lost in damage, these harms from climate disasters is a new source of the threats they are seeing, and they need a new fund to cover those costs. so even though the existing finance goals haven t been met, they are saying this is such an issue that we need to have it on the agenda and it is on the agenda at cop27, but it was actually quite difficult to get it on the agenda, and it is a redline issue for many richer nations who are concerned aboutjust how much these costs might be, and that they might be open ended liability for compensation. it s a sort of semi success that it s on the agenda and they re talking about it, but what outcomes should we expect?
meeting an increasing call around who will pay for those costs in the future. professor, i d just like to get your thoughts on that. are rich countries going to cough up the cash, so to speak? just last year, they vowed to pledge something like $40 billion by 2025 per year that hasn t happened yet as far as i can understand, and the un says we need much more. do they have the funds to do this? look, it s certainly been an issue where we don t already have the finance goals that exist being met. but what developing countries are calling for here is loss and damage, these harms from climate disasters, is a new source of threats they are facing, and they need a new fund to cover those costs. so even though the existing finance goals haven t been met, they are saying this is such
damage, these harms from climate disasters are the new threats they are seeing, and they need a new fund to cover those costs. so even though the 15 finance goals haven t been met, they are saying this is such an issue that we need to have it on the agenda and it is on the agenda at cop27, but it was ashley quite difficult to get on the agenda, and it is a redline issue for many richer nations who are concerned aboutjust how much these costs might be, and that they might be open ended liability for compensation. open-ended liability for compensation. open-ended liability for compensation. it s a sort of semi-success compensation. it s a sort of semi-success that - compensation. it s a sort of semi-success that it s - compensation. it s a sort of semi-success that it s on i compensation. it s a sort of. semi-success that it s on the compensation. it s a sort of- semi-success that it s on the agenda semi success that it s on the agenda and they are talking about it, but what outcome
of climate change. which is mean we will see more of these disasters occurring, disproportionately affecting countries least able to deal with them, incurring very significant costs. so what we are seeing at this cop27 meeting is an increasing call around who will pay for those costs in the future. professor, i djust like for those costs in the future. professor, i d just like to get your thoughts on that. our rich companies to make her countries going to cough up to make her countries going to cough up the cash, so to speak? last time they vowed to pledge something like $40 billion by 2025 per year that hasn t happened yet as far as i can understand, and the un says we need much more. do they have the funds to do this? ., ., ~ much more. do they have the funds to do this? ., ., ~ , much more. do they have the funds to do this? , . ., , much more. do they have the funds to do this? fl. ., , , do this? look, it s certainly been an issue where do this? look, it s certainly been a
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