Climate Vulnerable Economies Loss Report – ICSC | Institute for Climate and Sustainable Cities

[V20 Ministerial Dialogue IX: “When is Now?”] Climate-vulnerable economies: Climate disasters and debt are a vicious cycle

Jhian Aranas2022-10-17T12:29:41+08:0017 Oct 2022|Tags: Climate Vulnerable Economies Loss Report, COP27, Ken Ofori-Atta, loss and damage, MDBs, Mohamed Nasheed, V20, V20 Ministerial Dialogue IX Communique, Washington DC|

The V20 Group of Finance Ministers from 58 climate-vulnerable economies today demanded reforms in the global financing architecture as they face mounting economic threats from climate disasters and debt. V20 countries have at least USD435 billion of debt servicing payments due in four years at a time when new investment is severely needed, the Group noted in its V20 Ministerial Dialogue IX Communique.

As cost of climate change rises, UN urges compensation [Washington Post]

Jhian Aranas2022-09-12T12:30:01+08:0009 Sep 2022|Tags: AP, Climate Vulnerable Economies Loss Report, CVF, Elizabeth Wathuti, floods, Ghana, loss and damage, Pakistan, The Washington Post, Wanjohi Kabukuru|

From drought to floods and sea level rise, the cost of damage caused by climate change will only get higher as the world warms, sparking concerns from both top officials and activists about how to pay for it. “Loss and damage from the climate crisis is not a future event. It is happening now, all around us,” said United Nations Secretary-General Antonio Guterres on a visit to Pakistan, which recently suffered from devastating floods that displaced hundreds of thousands of people and left over a thousand dead.

[REACTIVE] New V20 report reveals staggering climate-induced economic losses over last 20 years

Ira Guerrero2022-06-10T14:49:36+08:0009 Jun 2022|Tags: Angelo Kairos Dela Cruz, climate change, Climate Finance, climate impacts, Climate Vulnerable Economies Loss Report, CVF, loss and damage, Reactive, V20, vulnerable countries|

Report underscored emergency need for crisis-level action via loss and damage funding for the most vulnerable economies MANILA, June 9, 2022 – A report released yesterday by the Vulnerable Twenty (V20) Group of Finance Ministers detailed the massive economic damage wrought by climate change on the economies of the V20, representing countries considered the most [...]

Climate change wiped out fifth of vulnerable countries’ wealth over last 2 decades- report

Ira Guerrero2022-06-10T14:46:39+08:0008 Jun 2022|Tags: Bonn, climate change, Climate Finance, Climate Vulnerable Economies Loss Report, CVF, loss and damage, V20, vulnerable countries|

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 [...]