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COP27: why an insurance scheme for climate-vulnerable countries is a bad idea

By Nick Bernards, Associate Professor of Global Sustainable Development, University of Warwick

Climate breakdown is well under way. So it is no wonder that a defining conflict of the COP27 climate talks in Sharm-el-Sheikh, Egypt is over who pays for the damages that are already taking place, and how.

Earlier this year the V20 – a grouping of poor countries most vulnerable to climate change – estimated that the costs to its members of the climate crisis had already…

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