Economic Policy Uncertainty (EPU)

Inflation higher than in several decades

Cost-of-living crisis

IMF: The global economy is facing a grim situation Tightening financial conditions

Russia’s invasion of the Ukraine

The Lingering Covid=19 pandemic

Vanuatu, a Pacific island country, contributes less than 0.0018 per cent of global greenhouse gas
emissions. In fact, it sinks more carbon than it emits and is already a “carbon-negative” country. Yet it is
one of the most vulnerable countries to climate impacts, . Its sea level is rising at twice the average
global rate, and would continue to rise through the 21st century. It loses 6% of GDP on damages

Facts show that China—part of the Group of developing countries—is now yesterday’s US. Its annual
emissions are double of what the US, the second highest (but historically largest), emits. By 2030, China
will equalise its emissions on a per capita basis

IN THE FIRST 273 DAYS OF THIS YEAR (JANUARY-SEPTEMBER), INDIA EXPERIENCED EXTREME WEATHER
EVENTS ON 242 DAYS. We cannot just call these events new normal and turn the page.

, as per the National Statistical Office 2019 survey on “Land and Livestock Holdings of Households and
Situation Assessment of Agricultural Households”. With each crop failure, the debt burden increases. As
per the “Farmers Suicides in Marathwada Region of India:

INDIA’S EXISTING MECHANISM OF LOSS AND DAMAGE ASSESSMENT IS RELIEF-CENTRIC AND DOES
LITTLE TO BUILD RESILIENCE

Deny, Distract and Delay

INDIA’S EXISTING MECHANISM OF LOSS AND DAMAGE ASSESSMENT IS RELIEF-CENTRIC AND DOES
LITTLE TO BUILD RESILIENCE
with inflation higher than seen in several decades. The cost-of-living crisis,
tightening financial conditions in most regions, Russia’s invasion of Ukraine,
and the lingering COVID-19 pandemic