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The report, released ahead of talks on climate change finance at the COP27 summit in Egypt, said the funding was required to cut emissions, boost resilience, deal with damage from climate change and restore nature and land.
The UN's COP27 climate summit in the Red Sea resort of Sharm el-Sheikh comes as nations worldwide are facing increasingly intense natural disasters that have taken thousands of lives this year alone and cost billions of dollars.
Vice President Ma’ruf Amin is scheduled to attend and deliver Indonesia’s National Statement at COP27 in Egypt, which has been dubbed the “implementation the Conference of the Parties" (COP), although activists are concerned that this year climate summit may be less impactful than last year’s COP26.
Much of the tension surrounding COP27 is expected to relate to loss and damage -- compensation funds provided by wealthy nations to vulnerable lower-income countries that bear little responsibility for climate-warming emissions.
