Oct 23, 2022
8 min read
The Achilles Heel of COP 27, Part II: Loss and Damage
The top five historical emitters — the US, China, Russia, Brazil, and India — together have caused $6 trillion in damage since 1990. So who pays?
In 2022, six insurance companies that had written policies on Florida beachfront property declared bankruptcy. Those that got out early were lucky. Losses from Hurricane Ian could exceed $60 billion. “And the biggest driver of…
