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The Australian climate minister, Chris Bowen stressed the need for Pacific nations and other countries vulnerable to climate catastrophe to be the major beneficiaries of loss and damage funding and broader range of countries should bankroll the international efforts along with the private sector. Given intensifying heatwave, droughts and floods have taken lives and caused substantial economic damage around the world, cop27 agreed to establish a loss and damage fund to help vulnerable nations rebuild social and physical infrastructure after extreme weather events exacerbated by greenhouse gas emissions. https://www.theguardian.com/environment/2023/nov/21/chris-bowen-climate-change-minister-speech-loss-damage-cop28
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Chris Bowen is a potential leader and this initiative will bring massive change to the lives of vulnerable countries to climate catastrophe
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The impacts of heatwaves, droughts, and floods are not only environmentally devastating but also have profound social and economic consequences, particularly for countries with limited resources and adaptive capacity.
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This is indeed very welcome news
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Australian will on the least recover from losses as a result of climate crisis
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The commitment to prioritize vulnerable Pacific nations and other developing countries in receiving maximum loss and damage funds is a positive step forward.
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@rukia_ahmed_abdi Absolutely true.
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This is a great initiative. Providing financial assistance can help these countries build resilience and adapt to the impacts of climate change. However, it is important that these funds are distributed fairly and transparently to ensure they reach those who need them most.
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These vulnerable countries have suffered a lot from effects of climate change, and they are in much need of these funds
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@elizbeth_gathigia prioritizing vulnerable pacific nations is important right now.
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@elizbeth_gathigia It's good for them to be assisted!
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Such a positive initiative! It's great to see efforts being made to support vulnerable nations and developing countries in maximizing the use of loss and damage funds.
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@princess_nel_268 Committing to help them so that they can too achieve their set goals is fine
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Good for Australia for funding vulnerable Pacific nations, climate funding is a vital way to support more nations, which is a great way to increase the sustainability scope.
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The recent actions by Australia to cushion vulnerable Pacific nations in the light of climate change disasters is admirable