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News / Africa
Policy & Finance
Loss and damage fund faces US$2.8bn gap as first projects move ahead
Average demand per application was US$15.9 million, with Asia Pacific requesting the second‑largest share. With just US$250 million available against up to US$3 billion in requests, the Fund Responding to Loss and Damage board meeting in Manila will consider initial funding for Caribbean and African countries.
China’s solar exports hit a record high in March as rising fossil fuel prices and looming tax changes accelerated demand across Asia and Africa.
Improved water pricing can crowd much-needed investments into the water cycle and facilitate transfers from advanced to developing economies, the bank’s economists told Eco-Business.
The new 26-member commission will investigate issues regarding how rising sea levels are affecting vulnerable communities and affecting their health.
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