Barbados appointed as new presidency of Climate Vulnerable Forum

2023-12-05T20:48:43+08:0005 Dec 2023|Tags: , , , , , , , , , , |

CVF move towards independence marks strong political will to advance ambitious climate action, ICSC stated DUBAI, December 5, 2023 – The Climate Vulnerable Forum (CVF), a group of 68 member countries highly vulnerable to climate change impacts, has announced Barbados to be its next presidency starting mid-2024 at the World Climate Action Summit on Transforming [...]

V20 and G7 jointly launch Global Shield against Climate Risks at COP27

2022-11-16T09:55:33+08:0014 Nov 2022|Tags: , , , , , , , , , , , , , , , |

The Vulnerable 20 Group of Finance Ministers (V20) of 58 climate vulnerable economies and the Group of Seven (G7) today officially launched the Global Shield against Climate Risks, an initiative for pre-arranged financial support designed to be quickly deployed in times of climate disasters. Initial contributions include around EUR 170 million from Germany and more than EUR 40 million from other countries. In addition, a broad coalition of countries, multilateral institutions, non-state and private sector partners has underlined their full institutional commitment to Global Shield. The first recipients of Global Shield packages – called Pathfinder countries – include Bangladesh, Costa Rica, Fiji, Ghana, Pakistan, the Philippines and Senegal.

CVF Calls Glasgow Climate Pact ‘Broken’, Following New Assessment of NDCs

2022-11-14T08:54:53+08:0011 Nov 2022|Tags: , , , , , , , , , , , , , , |

The Climate Vulnerable Forum (CVF) today at COP27 issued a major new report which uses a traffic light approach to show that G7 and G20 major economies are stuck on ‘red’ in terms of their NDCs’ alignment with the 1.5ºC goal of the Paris Agreement.

Sri Lanka Launches ‘Climate Prosperity Plan’ to Power Faster Economic Recovery and Achieve Net-Negative Carbon Emissions

2022-11-09T12:58:25+08:0009 Nov 2022|Tags: , , , , , , , |

This Preliminary Report presents Sri Lanka’s Climate Prosperity Plan: a national investment strategy to carve a pathway towards prosperity in a climate-insecure world. Sri Lanka’s Climate Prosperity Plan aims to maximise socio-economic outcomes and wellbeing for the population of Sri Lanka. To do so, the strategy focuses on unlocking the maximum domestic renewable energy potential and enhancing resilience through nature-based solutions and financial protection.

Nine years after Haiyan: Guiuan leads in stronger climate action

2022-11-08T14:54:11+08:0008 Nov 2022|Tags: , , , , , , , , , , , , , |

In commemoration of the ninth anniversary of Typhoon Haiyan, the local government of Guiuan in Eastern Samar, the first municipality battered by the super typhoon in 2013, gathered together youth groups, teachers, and civil society organizations, to deepen their understanding of climate science and adaptation, empowering Guiuananon citizens to do their part in making the community more resilient.

V20 and G7 agree on financial protection cooperation, to formally launch Global Shield Against Climate Risks at COP27

2022-10-17T10:37:38+08:0014 Oct 2022|Tags: , , , , , |

The V20 Group of Finance Ministers from climate vulnerable economies and the G7 Presidency today announced they have reached agreement on a financial protection cooperation that responds to loss and damage as a contribution to the Paris Agreement on climate change. V20 and G7 will jointly launch the Global Shield against Climate Risks at COP27 in a wider effort to accelerate pre-arranged financing at speed and scale.

Poorer nations face rising debt servicing costs in 2024 – report

2022-09-23T18:16:53+08:0023 Sep 2022|Tags: , , , , , , , |

Some of the nations most vulnerable to climate change face a sharp rise in debt service payments in the coming two years, hampering their ability to invest in climate proofing and shoring up their economies, a research report found. The Vulnerable Group of Twenty (V20) - a group of 55 economies exposed to the fallout from climate change - expect debt service payments to rise to $69 billion by 2024 - the highest level in the current decade, according to calculations from the V20 and the Boston University Global Development Policy Centre.

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

2022-09-12T12:30:01+08:0009 Sep 2022|Tags: , , , , , , , , , |

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.

Mapping Report on Climate Change Laws and Policies in Climate Vulnerable Countries

2022-07-04T21:12:53+08:0030 Jun 2022|Tags: , , , |

The first detailed compendium of climate change laws and policies in 48 of the world’s 55 most climate vulnerable nations 30 June 2022, LONDON: Today the Climate Vulnerable Forum (CVF) and GLOBE International publish the first detailed compendium of climate change laws and policies in 48 of the world’s 55 most climate vulnerable nations. [...]

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

2022-06-10T14:49:36+08:0009 Jun 2022|Tags: , , , , , , , , , |

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 [...]

Go to Top