UN launches $3B disaster financing initiative to protect 75M by 2030

Six UN agencies announced a $3 billion disaster financing initiative at COP31 to expand early action against climate shocks and natural disasters, targeting protection for 75 million people by 2030. The initiative aims to shift from reactive relief to proactive funding, but details on funding sources and implementation remain unclear. This marks a significant multilateral commitment to climate adaptation, though its operational impact is yet to be demonstrated.

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