Climate finance: $800m loss fund inadequate — FG

The Federal Government has stated that the $800 million currently in the international Loss and Damage Fund is inadequate to meet the financial needs of developing countries. Minister of Environment Balarabe Lawal made this known at the launch of the third edition of the Subnational Climate Governance Performance Ratings and Ranking in Abuja. He noted that Nigeria's climate action at the subnational level would strengthen its case for accessing international climate finance, especially ahead of COP31 negotiations.

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