It’s the big issue of COP27 climate summit: poor nations face a $1 nbsp;trillion ‘loss and damage’ bill, but rich nations won’t pay up
- Written by Jacqueline Peel, Director, Melbourne Climate Futures, The University of Melbourne
The costs of climate-related disasters are growing and the poorest countries are bearing the brunt of impacts, from the unprecedented floods in Pakistan to the expanding famine in Somalia. Natural disasters in 2022 alone cost the global economy an estimated US$227 billion.
Such disasters are driving calls at the COP27 climate summit this week for...
Daily Bulletin
