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.

An estimated 97 per cent of the country’s biodiverse Marine Protected Areas are at risk of extinction from existing and planned oil and gas projects, according to new analysis by Rimbawatch.

Public asset damage rose to US$96.3 million, against total losses of US$236.3 million last year, a new study showed. Although more than half of victims had adopted proactive measures, only about 5 per cent had insurance coverage and 20 per cent made no prior preparations.

Ensuring funds reach countries most in need, quickly and equitably, is climate finance’s biggest challenge.