Climate finance, particularly compensation for ‘loss and damage’, is a critical issue for the Commonwealth’s small and vulnerable states.
It offers protection and mitigation from the catastrophic effects of global heating, including the increasing intensity and frequency of hurricanes, cyclones, and flooding.
With limited resources of their own, small and vulnerable states are naturally dependent on larger ones for the financial support they need. The great irony, and tragedy, is that they are dependent on the very nations who have benefited from decades of high energy use and carbon pollution.
Despite the urgency of the situation, compensation for loss and damage remains a contentious issue in multilateral forums and funding has not been forthcoming. All the while the citizens of small and vulnerable states remain at risk.
As carbon emissions continue at alarming rates, the movement for holding polluters financially accountable for the damage they have caused is growing. But without significant political or economic leverage, small and vulnerable states have struggled to make climate reparations a reality. So, what options do small and vulnerable states have?
commonwealthfoundation.com/ev...
Featuring:
Dr Tara Shine
Honourable Kausea Natano
Honourable Mohamed Nasheed
Dr Payam Akhavan
Dr James Fletcher
Sabra Noordeen