In order to better assist people in recovering from climate disasters, a group of least-developed countries and small island governments have joined forces with researchers.
Nepal, Bangladesh, Senegal, Malawi, Jamaica, Trinidad & Tobago, Tonga, and Vanuatu are considering building up national facilities to distribute funds where they are most needed and channel resources for responding to climate disasters.
The effort will assist communities in educating governments on how to react to upcoming climate shocks locally.
The International Institute for Environment and Development (IIED) in the UK and the International Centre for Climate Change and Development (ICCCAD) in Bangladesh both support the alliance.
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Ritu Bharadwaj, a researcher at IIED, said the bottom-up strategy would avoid “pre-conceived solutions” and ensure governments are “ready to deploy any additional funds which might be available in the future”.
Recall that at the Cop27 climate talks in Egypt last year, countries agreed to set up a fund dedicated to supporting vulnerable countries to address climate-related losses and damages.
At the next session of UN climate talks in the UAE, a transitional committee is expected to determine how the fund would operate, who would pay for it, who would benefit from it, and how it would be controlled.
Story was adapted from Climate Home News
