Islands Seek Funds for Climate Damage at UN Discussions
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Islands that are most vulnerable to rising oceans are seeking an insurance program to protect against damage related to climate change, adding to pressure on industrial nations to increase aid committed to fight global warming to more than $100 billion a year.
The islands are proposing a “loss and damage” mechanism that would insure and compensate countries that suffer from extreme weather, erosion and drought. The request is raising tension levels among more than 190 industrial and developing nations at United Nations climate talks in Doha this week.