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Scaling Up Funding for Climate Vulnerable Countries
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Overview
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Risk sharing systems and insurance/capital markets can scale up Loss and Damage (L&D) funding for climate vulnerable countries. Wealthy nations could provide $10 million per nation for annual protection against climate disasters. The UN Environment Programme's report reveals a significant shortfall in adaptation finance, with poor countries facing difficulties in accessing pre-arranged climate disaster finance.
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How can risk sharing systems be implemented to scale up L&D funding?
What actions can be taken to address the challenges faced by poor countries in accessing pre-arranged climate disaster finance?
What are the potential consequences of the significant shortfall in adaptation finance?
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