Climate finance: $800m loss fund inadequate — FG

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Nigeria’s federal government says the international Loss and Damage Fund, with about $800 million available, is insufficient for developing countries’ climate-related financial needs. Environment Minister Balarabe Lawal made the remarks in Abuja at the launch of a climate finance report.

By Folarin Kehinde ABUJA — The Federal Government has said about $800 million is currently available in the international Loss and Damage Fund, describing the amount as inadequate to meet the financial needs of developing countries. The Minister of Environment, Balarabe Lawal, disclosed this on Thursday in Abuja at the launch of the third edition […] The post Climate finance: $800m loss fund inadequate — FG appeared first on Vanguard News.