As disaster hits the Philippines again, a farmer’s sorrow reveals the stakes [Washington Post]
PALAWAN, Philippines — The skies were still clear when the farmer went to take a final look at his crops. A massive tropical cyclone was hours away from making landfall in the northern Philippines, and the province of Nueva Ecija, known as the “rice granary” of the country, was in the center of its path. Officials warned that more than a million hectares (2.47 million acres) of farmland could be flattened just before harvesting season, devastating the poor, rural communities that have increasingly shouldered the brunt of the country’s natural disasters.
[REACTIVE] New V20 report reveals staggering climate-induced economic losses over last 20 years
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 vulnerable to climate change. V20 finance ministers called for the immediate establishment of an international financing facility to provide countries with direly needed funding support. The Climate Vulnerable Economies Loss Report, authored by climate research firm FinRes, showed that the V20 would be 20 [...]
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 [...]