Upcoming climate talks prioritize urgent financial aid for disaster-struck nations

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The head of upcoming climate negotiations told world leaders Wednesday that a new financial aid package for poor and disaster-struck nations is the urgent, make-or-break goal of United Nations talks this fall.

It is a version of reparations from wealthy nations that burn more heat-trapping fossil fuels than less developed nations, like Grenada, that not only don’t use as much carbon but get hit with a disproportionate share of climate-related disasters.

Beryl, a record-breaking storm that rapidly intensified, destroyed or severely damaged 98 percent of the island’s homes with “devastation that has become all too familiar to hundreds of millions of people all around the world,” Stiell said.

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Author / Journalist: Seth Borenstein / AP Science Writer

Category: BusinessStartups

Markets: PhilippinesAzerbaijanDenmarkEgyptGermanyGrenadaIndiaSaudi Arabia

Topics: World Azerbaijan United Stiell Financial Goal Nations Talks Countries Babayev Climate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 12:46:18 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 21664608

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