The world’s poorest and most vulnerable nations–who have done the least to cause climate change–are already mobilising resources to cope with the brunt of climate-related harm. When these countries call for finance to address loss and damage, it’s just another reminder that the burden has to be shared much more fairly. It should be paid for by the historical and big polluters – both corporations and states. However, some seem to lack an understanding of what we need L&D finance for. Climate risk insurance, which allows vulnerable nations and people to transfer risk to bodies with more stable financial bases, … Continue reading Loss & Damage: When Insurance Isn’t Enough