Last year saw just over US$80 billion transferred.summit agendaThe move opened the door for talks to address vulnerable countries' demand to be compensated when hit by climate-fueled disasters.
But incremental progress made in these discussions, which can go on for years, still wouldn't be enough for Pakistanis back at home to consider the talks a win, she said. "If I say, 'well, adaptation has now been put as a priority'... or 'there's a a 50-50 allocation in terms of priority between mitigation-adaptation', it's not going to mean very much to somebody whose house has been burned down by a forest fire or somebody who has lost a family member in the floods," she said.
Pakistani Prime Minister Shehbaz Sharif has called on rich countries to offer compensation and debt relief to help cover Pakistan's efforts to rebuild and fortify the country against more severe climate impacts.Rehman said that any new money pledged either for loss and damage or for adaptation needs to be followed up "with speed and agility", because countries like Pakistan have no time to waste.
She said she supported the call by the US, Britain and other countries to overhaul international financial institutions to better respond to the disasters expected as the atmosphere continues to warm."But there still isn't a recognition that the financial system that's been running the world... is not going to be able to bail out the millions that are dying and in need."
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