Over the years, climate change has caused an increase in the frequency and intensity of extreme weather events. It has also been bringing about gradual changes in landscapes and ecosystems such as desertification, drought, and sea level rise that are detrimental, and in some cases existential threats, to certain countries. With time, there has been growing momentum and louder calls, particularly by developing countries, to establish a fund which helps countries suffering from the negative effects of climate change to recover when adaptation and mitigation fail. This idea, however, was not well-received by developed countries, as the onus would naturally fall on them to provide financing. As
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