"With warming-driven disasters hitting the poor harder, pressure is growing for new sources of global funding to repair the harm".
"BARCELONA - As large parts of the planet struggle with climate-inflicted woes, from floods in Pakistan to forest fires in the United States, the thorny issue of how to address "loss and damage" driven by global warming has risen up the political agenda.
Nine years ago, U.N. climate negotiators agreed to set up a formal mechanism to tackle loss and damage - but little concrete has emerged, beyond a donor-backed effort to boost insurance against weather disasters in developing countries.
With frontline nations like small islands being hit harder, they - backed by climate activists - are pushing for funding and other help to deal with loss and damage from worsening floods, droughts, storms, heat and rising sea levels.
At September's United Nations General Assembly, U.N. Secretary-General Antonio Guterres waded into the debate with a controversial proposal for rich governments to tax "windfall" profits by fossil fuel companies."
Megan Rowling reports for Thomson Reuters Foundation September 23, 2022.
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