During the negotiations, those attending a financial deal summit to tackle climate change and poverty discussed a number of key issues. Among the most important are the possibility of expanding new types of insurance in case of natural disasters and providing credit concessions to affected countries. informs Bloomberg agency.
New types of disaster insurance have already been tried in Jamaica, Peru and Barbados. In addition, forum participants announced their intention to provide additional options for repayment of loan debt for countries that are most vulnerable due to the risk of extreme weather conditions.
“The discussion focused on expanding new types of disaster insurance, such as those piloted in Jamaica and Peru, and providing debt repayment breaks after extreme climatic conditions to reduce debt accumulation in difficult times. “Pause clauses” in debt repayment can make a big difference. Barbados has managed to secure this location as part of its mission as a way to deal with extreme weather events.
22 June French President Emmanuel Macron He insisted investing more money in tackling global climate change. Representatives of the private sector, state funds and charities should play a leading role in this.