CHAPEL HILL, NC, USA, Jul 07 (IPS) – Small Island Developing States (or SIDS) have been talking about loss and damage in an insurance context since the creation of the UNFCCC. The original 1990s outline of the UNFCCC included the proposal for an international insurance fund that would compensate low-lying countries for losses from rising sea levels in the future, however, this fund was never adopted in the final text.
Source: Shielding the Vulnerable: The Potential Role of Insurance in Protecting the Most Vulnerable
