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Climate-vulnerable countries face an annual financing shortfall of about US$400bn by 2030 while being forced to pay billions more in borrowing costs because of their exposure to climate shocks, Prime Minister Mia Mottley has warned.
Addressing the UN General Assembly, Mottley said vulnerable countries needed to mobilise approximately US$490bn annually by the end of the decade, compared with current financial flows of US$9bn.
āAs the young people in Barbados would say, the math simply aināt mathing,ā she declared.
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