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Funds needed to fight climate disasters have increased by ‘more than 800%’ in 20 years: report


The climate crisis is getting worse every year and the funding needed to deal with the situation has also increased at an alarming rate over the past decades. According to a new report from Oxfam, the funding the United Nations needs to fight climate catastrophe has actually increased by more than 800%. However, the report also found that rich countries only reach half of the necessary budget and this can become a long-term problem. In 2021, the UN needed $329 billion to combat “extreme weather events such as droughts, floods and wildfires” – the third highest in history and more than double what the rich countries ended up paying.

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“Not only are rich countries not providing enough humanitarian aid in the event of a climate disaster. They are also failing to deliver $100 billion a year to help developing countries adapt to climate change and blocking calls for funding to help them recover from impacts such as land that has gone uncultivated. and damaged infrastructure.

“Rich countries like the UK must take full responsibility for the damage caused by their emissions and provide new funding for the loss and damage caused by climate change in poorer countries,” said Danny Sriskandarajah, chief executive of Oxfam GB, according to The Guardian.

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The report also indicates that the poorest countries, which suffer from a number of climatic disasters, have requested a total of 63 to 75 billion dollars in emergency humanitarian assistance over the past five years. However, the lack of funding has led to less aid and a huge dent in overall finances.

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Post expires at 2:13pm on Friday June 17th, 2022