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.

Play episode from 15:55

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app