BARCELONA - As communities in countries rich and poor face soaring costs from extreme weather and rising seas, governments are grappling with how to set
Like Akhtar, over four-fifths of rural Bangladeshis face more intense and frequent climate-linked disasters as the planet warms - and they are spending an estimated $1.7 billion a year to build back their shattered lives, according to a 2022 study by the International Institute for Environment and Development. To help get more financial support to poor households so they can better protect themselves, local and global organisations are testing new approaches like grants, loans, insurance and green bonds.
A fund to pay poor nations for the loss and damage they are suffering due to climate change was the major outcome of this year’s UN climate talks in Egypt