Climate change wiped out fifth of vulnerable countries’ wealth over last 2 decades- report
V20 Group of 55 economies reinforce demands for international funding for loss and damage Reposted from the V20 Group of Finance Ministers | READ THE STORY HERE BONN, Germany, 8 June 2022 – The V20 Group of Finance Ministers from climate vulnerable economies are calling for the immediate establishment of a separate and dedicated international funding for loss and damage crisis-level adaptation action. A V20-commissioned report launched today alongside the UN climate talks in Bonn, Germany, shows how climate change has already eliminated one fifth of the wealth of these countries, or 525 billion USD, over the last [...]
Slow onset impacts gaining more focus
We began preparing for the UNFCCC Fiji COP in Bonn in early 2017. It was easy to decide what we’d focus on for public engagement; we helped arrange side events for the Philippine delegation, and the suggestion was to train our sights on slow onset climate events and innovative finance. Yesterday’s side event, which we co-organised with the German Development Institute and the Alexander von Humboldt Foundation , was well-attended. Despite the setting, a seven-minute walk to the Interconnections Zone, outside the World Conference Center where the climate negotiations were taking place, people from different nationalities came and avidly listened [...]