regional and international talks because all people are affected by the harmful effects.
These harmful occurrences include natural disasters such as floods and hurricanes as well as health concerns. And the funds being called for would help countries protect against these disasters.
At COP26, calls were made for a dedicated fund for ‘loss and damages’ caused by the effects of climate change. That fund was not established, however.
Dr. Barnett said that with Caribbean countries battered by natural disasters either caused by or worsened by climate change, this dedicated loss and damages fund is crucial. She highlighted too that the funds already agreed to for adaptation and mitigation should materialise.
An annual sum of $100 billion was identified under the Paris Agreement to help developing countries cut their carbon emissions, minimise the impact of climate change and adapt their economies to deal with its impact.
But developed countries have not met this pledge and some world leaders have lamented that small countries have not received adequate finance to rebuild sustainably or fund their efforts to cut emissions and increase the use of renewable energy.
Without the necessary funds to strengthen countries’ abilities to withstand the devastating effect of climate change, Dr. Barnett said Caribbean countries will be the worst-affected.
