German government to present ‘protective umbrella’ climate plan

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The German government will present its concept for a so-called “global protective umbrella” against climate risks at the Petersberg Climate Dialogue taking place in Berlin on Monday. The plan aims to strengthen and develop the global architecture of climate risk financing and insurance for the most vulnerable people and countries, according to the German Development Ministry. “It is no longer a question of whether climate damage will occur, but only how often, how severe and how expensive it will be – and above all, who will be particularly affected,” said senior ministry official Jochen Flasb…

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