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30 billion euro to repair after German flooding

The severe flooding which hit Germany in summer 2021, in which more than 170 people died, also resulted in high costs. Germany’s federal and regional governments allocated about 30 billion euro ($35 billion) to help pay to rebuild infrastructure damaged in the disaster, Bloomberg reports. Loss and damage was a key issue at the UN climate conference in November, the term refers to unavoidable impacts of climate change that cannot be adapted to, from flooded villages to drought-struck farms. Vulnerable nations want money and support for people threatened by such impacts. However, wealthy countries have consistently resisted this idea, fearing that they will be forced to pay compensation due to their historical responsibility for climate change, reports Carbon Brief.

Bloomberg, 9 August 2021, https://www.bloomberg.com/news/articles/2021-08-09/germany-to-allocate-3...
Carbon brief https://www.carbonbrief.org/cop26-key-outcomes-agreed-at-the-un-climate-...

 

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