COP30 Highlights India’s $170 Billion Climate Damage
• India has suffered nearly $170 billion in losses from extreme weather events over the past three decades, highlighting the urgent need for climate action.
• A recent report underscores the importance of shifting from reactive disaster relief to proactive prevention strategies to mitigate climate-related economic losses.
• Global climate financing inequalities persist, hindering recovery and preparedness efforts in the most vulnerable nations.
India faces intensifying climate crisis, huge economic impact
India is grappling with an intensifying climate crisis, marked by extreme weather events that have cost the nation nearly $170 billion over the past three decades. A recent assessment presented at COP30 in Belém, Brazil, underscores the urgent need for enhanced preventive measures to mitigate further economic losses and protect vulnerable populations.
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