{"id":2199573,"date":"2022-11-25T09:44:59","date_gmt":"2022-11-25T09:44:59","guid":{"rendered":"https:\/\/www.nknews.org\/koreapro\/?p=2199573"},"modified":"2023-04-05T16:10:55","modified_gmt":"2023-04-05T07:10:55","slug":"south-korea-faces-growing-pressure-at-home-and-abroad-to-act-on-climate-change","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2022\/11\/south-korea-faces-growing-pressure-at-home-and-abroad-to-act-on-climate-change\/","title":{"rendered":"South Korea faces growing pressure at home and abroad to act on climate change"},"content":{"rendered":"
As a global climate crisis looms ever larger, countries from around the world recently agreed to commit financial aid to places most affected by global warming-related disasters. South Korea, a big polluter with a big economy, could face pressure to step up these contributions in the years ahead.<\/span><\/p>\n The \u201c<\/span>loss and damage<\/span><\/a>\u201d fund scheme was agreed to at least week\u2019s COP27 summit in Egypt, but while participating countries agreed to the fund in principle, they did not come to a conclusion regarding the specifics of which countries should offer money and how much they should pay. Thus far, only Belgium, Denmark, Germany, Scotland and the EU have <\/span>committed funding<\/span><\/a>.<\/span><\/p>\n The fund could be expensive: According to a <\/span>report<\/span><\/a> sponsored by the World Bank and others, flooding in Pakistan this year \u2014 which was often brought up during COP27 \u2014 caused over $30 billion in damage. Some research suggests that, by 2030, damage from climate change worldwide could reach as much as <\/span>$580 billion per year<\/span><\/a>.<\/span><\/p>\n