'Basic justice demands that those most responsible for causing the climate crisis should financially support those who are suffering most on the frontline of climate change,' said Mohamed Nasheed, the former president of the Maldives.
—are among the key issues at COP27, which began Sunday in Sharm El-Sheikh, Egypt.
"Basic justice demands that those most responsible for causing the climate crisis should financially support those who are suffering most on the frontline of climate change," Mohamed Nasheed, the former president of the Maldives,"Our analysis for the V20 group of most climate-vulnerable nations finds that our countries have already suffered $500 billion in losses because of climate impacts," Nasheed continued, alluding to an assortment of 58 countries that are home to 1.
When it was agreed upon 13 years ago, the $100 billion in annual climate finance by 2020 was intended to help developing countries replace fossil fuels with renewables and adapt to the increasingly frequent and intense disasters being turbocharged by global warming. However, a series of reports published in recent days have made clear that humanity is right now on a collision course with climate catastrophe, necessitating more far-reaching interventions and funding to support them.
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