COP27 L&D fund can protect countries from GDP loss: Howden
Less than 1% of the targeted $100bn Loss & Damage (L&D) Fund agreed at last year’s COP27 can secure around $75bn of protection for the smallest, most vulnerable countries currently at risk of losing more than 100% of their GDP from extreme climate shocks, according to David Howden, founder and CEO of Howden.
In a keynote speech given at the COP28 summit, Howden reflected on the COP27 L&D Fund, which he said has the power to protect vulnerable countries and unlock investment in their future.
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