Thu, Nov 21, 2024

G7 nods to loss and damage claims with climate insurance pledge

The eye of Typhoon Neoguri which mainly struck Japan in July 2014 (Flickr/ NASA)
The eye of Typhoon Neoguri which mainly struck Japan in July 2014 (Flickr/ NASA)
United Nations  | 
Responding to Climate Change

By Alex Pashley

For years, a compensation fund for developing countries ravaged by climate impacts like cyclones and droughts has been a bone of contention between them and rich nations.

Then on Monday, the Group of Seven appeared to pledge that in all but name.

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