A new fund to protect people from climate disasters

New fund to help people affected by climate change and disasters. File photo, EWN

A new fund to protect populations from climate disasters has been launched. The UK, Germany and US support package will protect lives and tackle the loss and damage caused by climate change.

Support program, including new funding of £ 120m from the UK and new funding of € 125m from Germany, will help vulnerable people respond more quickly to extreme weather and climate disasters .

Pre-established funding for vulnerable communities will help put in place the systems needed to reach the poorest people quickly, such as payments for crop failure.

UK Secretary of Foreign Affairs and Development Dominic Raab said: “The fight against climate change is one of the greatest threats of our time because without action it could push more than 100 million people below the poverty line by 2030. This joint action by the United Kingdom United, United States and Germany will allow faster responses. extreme weather events and climate-related disasters in countries most affected by climate change.

The fund will protect those most at risk and help reduce the loss and damage to communities, infrastructure and livelihoods from climate change. It precedes the UK’s hosting of the COP26 climate conference in Glasgow in November 2021, which must progress to help poor communities adapt to climate change.

The UK and Germany will also use this money to invest in regional disaster protection programs in Africa, South East Asia, the Caribbean and the Pacific to protect lives and livelihoods. poor and vulnerable people against climate risks. This support contributes to the InsuResilience Global Partnership Vision 2025 and the Risk-Based Early Action Partnership (REAP) – two key global coalitions working to reduce the impact of disasters.

In addition, the United States has confirmed that it will join the United Kingdom, Germany and other G7 countries as a member of the InsuResilience global partnership and REAP.

The severity and frequency of severe weather events and climate-related natural disasters increase as climate change worsens. Developing countries, women, girls and other often marginalized groups are most affected.

USAID Trustee Ambassador Samantha Power added, “Investments that help communities adapt and build their resilience to climate change are not just the right thing to do, but the smart thing. Every dollar we invest in adaptation and resilience saves us $ 3 in humanitarian aid in times of crisis. “

Thanks for reading, and don’t forget to check The Euro Weekly News for all your up-to-date local and international news.


About Mike Crayton

Check Also

Is a payday advance from a bank better than a personal loan?

Image source: Getty Images We’ve all come across an unexpected expense from time to time. …

Leave a Reply

Your email address will not be published.