Simon Stiell, UNFCCC executive secretary, says loss and damage funding is a lifeline for billions of people in developing countries.
Amina’s house completely submerged in flood water), says loss and damage funding is a lifeline for billions of people in developing countries.
The executive secretary said global emissions continue to rise and the existing funding for developing countries is insufficient, adding that almost four million people are at risk of the climate crisis.Stiell urged parties to look at innovative ways to cover funding gaps, as well as create additional resources that are adequate to help vulnerable communities to build resilience and minimise loss.
“According to the IPCC, about 3-and-a-half billion people live in contexts that are highly vulnerable to climate change. The response to the global stocktake must be accelerated, ambitious action. The coming months will determine the success of COP28 and our fight to stabilize the climate.
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