0
0
COP 27-Developing countries need $1 trillion a year in climate finance
Source: The Himalayan Times
Date: 9 Nov 2022
Developing countries need to work with investors, rich countries and development banks to secure $1 trillion a year in external financing for climate action by the end of the decade and to match that with their own funds, a report said on Tuesday. It said the total annual investment requirement of developing countries would hit $2.4 trillion by 2030.
In South Asia, disaster risk management is key to durable development
Source: World Bank
Date: 9 Nov 2022
A new GFDRR report shows that the World Bank has invested $1.5 billion in hydromet modernization projects around the world in the last two decades — a reflection of how intimately linked its development agenda is to mitigating the impact of disasters, especially at a time when extreme weather events threaten to become the new normal.
Climate change and South Asia
Source: New Age
Date: 13 Nov 2022
The South Asian region is excessively wide open to climate change effects, including higher temperatures, sea-level rise, inconsistent rainfall, amplified occurrence and harshness of extreme weather incidents, increased overflow and glacial melting. It is anticipated to be the worst-impacted region by climate change and global warming because of the geophysical environment in addition to the socioeconomic and demographic backwardness of the population.
