India Pushes for Funding to Mitigate Climate Crisis Risk

Environmental News from India: 

Loss and damage due to climate change is now a lived reality in India that requires massive funding to prepare for disasters by building capacity and strengthening early warning, followed by recovery and reconstruction after extreme weather events, the country’s delegates said in a strong intervention at the ongoing climate conference in Bonn, Germany.

The efforts in India and other developing countries that require these large investments have to be supported by wealthy nations through a loss and damage finance facility, the Indian delegates demanded on Saturday.

India has sent a 10-member delegation to Bonn for the meet during June 6-16 to prepare for the next United Nations climate change conference in November to be held in the resort town of Sharm el-Sheikh in Egypt.

Loss and damage refer to the impacts of extreme weather events like more severe cyclones and slow onset events like sea-level rise or glacial retreat.

India intervened strongly three times to emphasize loss and damage and the finances needed to mitigate the impacts of global warming, an environment ministry official in Bonn said on condition of anonymity. “Averting, minimizing, and addressing loss and damage is mandated in Article 8 of the Paris Agreement,” the official pointed out.

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Source: Hindustan Times.

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