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The Bridgetown Initiator - Ep145: Prof Avinash Persaud
Cleaning Up: Leadership in an Age of Climate Change
Breaking Down the Financing of Global Aid: Adaptation, Mitigation, Loss and Damage
To effectively mobilize the necessary $2.4 trillion for global aid, it is crucial to differentiate between adaptation, mitigation, and loss and damage in financing. Mitigation efforts, which include solar farms and wind turbines, generate revenues, making them more financially viable. In contrast, adaptation initiatives typically yield limited savings, while loss and damage initiatives lack both revenues and savings. This distinction in financial characteristics informs how these categories should be defined and financed, underscoring the need for a structured approach to funding that recognizes their fundamental differences.
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