Via Al Jazeera:
Twenty of the countries most vulnerable to climate change, from the Himalayan kingdom of Bhutan to the Pacific island nation of Tuvalu, formed a new financial group on Thursday to press for tougher action to curb global warming.
Draft documents for a meeting of finance ministers in Lima, Peru and seen by Reuters, said the 20 represented 700 million people in low- and middle-income nations that were arid, landlocked, mountainous or vulnerable to rising sea levels.
The Vulnerable 20 (V20) group’s draft action plan will seek to “strengthen economic and financial cooperation” between the public and private sectors, as well as “address climate change risks and opportunities,” according to a press release on the website of the Climate Vulnerable Forum, an existing, larger partnership of countries affected by climate change.
Goals would include “improved access to international climate change finance” to help cope with droughts, floods, melting glaciers and rising sea levels. They said one possibility was a tax on financial transactions.
The 20 said they accounted for just two percent of world greenhouse gas emissions but had suffered an average of more than 50,000 deaths a year since 2010 from impacts they linked to rising temperatures.
They estimated that they faced “escalating losses of at least 2.5 percent of our GDP potential per year, estimated at $45 billion since 2010.”
Members will be Afghanistan, Bangladesh, Barbados, Bhutan, Costa Rica, Ethiopia, Ghana, Kenya, Kiribati, Madagascar, Maldives, Nepal, Philippines, Rwanda, Saint Lucia, Tanzania, East Timor, Tuvalu, Vanuatu and Vietnam.