World Jun 9, 2022
Vulnerable nations demand funding for climate losses
The surging costs of climate change-driven destruction have made vulnerable nations poorer by about one-fifth, 55 such countries said.
The surging costs of climate change-driven destruction have made vulnerable nations poorer by about one-fifth, 55 such countries said.
The world is set to face 1.5 disasters a day — 560 a year — by 2030 as humans heat up the climate and ignore the risk, pushing millions more people into poverty, the organization has said.
Indonesia, the world's top exporter of thermal coal and its eighth-biggest carbon emitter, has made a sustainable energy transition one of three focuses for its yearlong presidency.
From retrofitting schools to withstand earthquakes to installing irrigation that saves crops from drought, many effective early disaster interventions have gone largely unnoticed.
Developing nations alone will need up to $500 billion by 2050 for adaptation, the U.N. has said.
Current commitments put the world on a trajectory to a catastrophic 2.4 degree Celsius of warming by the end of the century, calculations by a climate policy expert show.
Children around the world will face a sharp jump in heatwaves, floods and droughts in their lives compared to their grandparents, researchers said on Monday.
Analysts say the two superpowers' funding pledges to tackle planetary warming lacked detail and far more is needed to meet global goals.
Coal remains a mainstay for power generation in Asia, which accounts for 75% of global coal demand.
Home to about 60% of the world's population, the region has borne the brunt of climate disasters.