Extreme Weather has already cost Vulnerable Island Nations $141 Billion

Two years ago, when the curtain fell on the COP27 summit in Sharm El Sheikh, Egypt, developing nations on the frontline of climate change had something meaningful to celebrate.

The creation of a new fund for responding to loss and damage was agreed after a hard-fought diplomatic effort, spearheaded by a group of small island developing states (sometimes known as the Sids). The fund would provide much needed support for climate-vulnerable nations faced with a spiralling human and financial toll from sea-level rise, extreme temperatures, droughts, wildfires, and intensifying floods and storms.

Yet two years on, the world's wealthiest nations - also the largest carbon emitters - are still dragging their feet. They've not followed up their pledges with anywhere near the finance required.

Some nations, particularly the 39 Sids, which include places like Barbados, Grenada, Fiji and Vanuatu, are uniquely vulnerable to climate change and are already paying the price.