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Barbados , Friday 17 April 2026

Barbados spearheads push on climate disaster financing

Published on: Thursday 17 November 2022

Barbados spearheads push on climate disaster financing SHARM EL-SHEIKH, Egypt (AP) — At the U.N. climate summit in Egypt, leaders of developing nations have repeatedly said it's not fair to expect them to cover the costs of rebuilding from devastating weather events in a warming world, plus invest in cleaner industry while they also pay much higher interest rates on loans than rich nations. A plan put forward by Barbados Prime Minister Mia Mottley would overhaul the way much of development lending works. It is also giving voice to developing nations struggling under rising debt from climate damage.


News source: https://news.yahoo.com/barbados-spearheads-push-climate-disaster-071813327.html

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